Summary
This working paper discusses opportunities for promoting investment in biodiversity conservation and recovery through biodiversity credits, highlighting key risks and the lessons learned from other market-based mechanisms. It outlines an initial set of high integrity principles for developing scalable, high integrity biodiversity credits and a global measurement framework, which cover ecological, social and financial dimensions. The paper also makes recommendations for the future of the biodiversity credit market, such as: building in processes for learning and refinement; wide stakeholder engagement and constructive dialogue; and a willingness to communicate, learn and adapt from early efforts to deliver on promises.