Biocredits - breaking the logjam on climate and nature finance
Channel: IIED
Date: 2023-05-03

Biodiversity is degrading at alarming rates with the people living in biodiversity-rich areas often bearing the heaviest costs of these losses and of inequitable conservation efforts.

In response to this emergency, biodiversity credits – or ‘biocredits’ – are emerging as a new kind of financial asset: a measurable, traceable and tradeable unit of biodiversity, that can incentivise nature conservation and restoration to benefit marginalised groups living with nature.

In this presentation, Anna Ducros, a researcher (inclusive blue and green economy) at the International Institute for Environment and Development (IIED), and Paul Steele, IIED's chief economist:

- Illustrate why we need biodiversity credits
- Explain what biocredits are and how they can help to increase finance for nature and people, and 
- Explore how the emerging market is evolving, providing recommendations from the market, based on research that IIED conducted with the Global Environmental Facility (GEF).

This presentation is from a seminar organised by Sida and IIED.

More information: https://www.iied.org/iied-short-seminars-challenges-for-post-covid-19-world