French State Minister for Ecology, Bérangère Couillard, and UK’s Secretary of State for Environment, Food and Rural Affairs, Thérèse Coffey, have jointly launched a Global Biodiversity Credits Roadmap aimed at enabling companies to contribute to nature recovery. This initiative aims to foster global cooperation for positive outcomes for both people and the planet.
Hummingbird in a rainforest of Costa Rica.
The UK-French-initiated Advisory Panel, chaired by Dame Amelia Fawcett and Sylvie Goulard, will bring together collective expertise on biodiversity credits from around the world. The objective is to facilitate the scaling up of efforts in supporting companies that invest in credits for nature recovery in a credible manner.
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Biodiversity credits serve as instruments allowing individuals and businesses to invest in environmental projects that enhance biodiversity or restore nature in various habitats globally, such as rainforests, oceans, or grasslands. These credits record environmental action, its developers, and the measurement and verification methods.
The Global Biodiversity Credits Roadmap will focus on sharing best practices related to governance mechanisms for credit funding, monitoring systems for biodiversity improvements, and equitable income distribution to Indigenous peoples and local communities. It will work towards significant international milestones, including the upcoming United Nations Biodiversity Conference in 2024 (COP16), where financing for biodiversity will be a prominent agenda item.
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The launch of the UK–French Advisory Panel aims to bring together global experts and guide diverse working groups in driving positive change. The collaboration between the two countries, along with the participation of other nations and organisations, is crucial in successfully implementing the Roadmap.
Thérèse Coffey, UK’s Environment Secretary, emphasised the importance of mobilising finance to meet the goals outlined at COP15. The Roadmap and similar initiatives will leverage private-sector financing to conserve and restore nature. The UK remains committed to being a world leader in nature conservation, building on its role in supporting the Kunming-Montreal Global Biodiversity Framework.
Dame Amelia Fawcett, the co-chair of the UK–French Advisory Panel, expressed her enthusiasm for leading this inclusive group, which aims to maximise the benefits to nature, people, and the planet through biodiversity credit markets. With global extinction rates at an all-time high, urgent action is necessary to halt and reverse nature loss by 2030. The use of biodiversity credits can play a significant role in closing the nature finance gap and supporting nature's recovery.
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The Global Biodiversity Credits Roadmap announcement comes at a critical moment, presenting a unique opportunity to establish a new natural capital economy where high-integrity biodiversity credits play a vital role. At DGB Group, we are driven by a shared mission to protect the interconnectedness of life on Earth. We understand the urgency of addressing biodiversity loss and the need to adopt nature-based solutions that not only mitigate carbon emissions but also restore biodiversity and foster sustainable development.
Our focus lies in designing and managing large-scale reforestation and afforestation projects that have a profound impact on the environment. Through these initiatives, we restore habitats, enhance ecosystem resilience, and create a harmonious coexistence between humans and nature. By harnessing the power of nature and applying sustainable practices, we can make a tangible difference in safeguarding the planet for future generations.
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