International Advisory Panel on Biodiversity Credits – Framework for High Integrity Biodiversity Credit Markets, Oct 2024

The October 2024 report by the International Advisory Panel on Biodiversity Credits presents a comprehensive framework for establishing high-integrity biodiversity credit markets. The framework outlines 21 high-level principles designed to ensure that biodiversity credits effectively contribute to conservation and restoration efforts. It emphasizes the importance of verified outcomes for nature, equitable benefits for local communities, and robust governance structures. The report also addresses potential challenges, such as preventing the misuse of credits for international offsetting, and underscores the need for urgent governmental action to implement appropriate safeguards. By providing clear guidelines, the framework aims to mobilize private finance towards biodiversity-positive projects, aligning with global biodiversity targets and supporting sustainable development.