Innovative Finance for Nature and People: Opportunities and Challenges for Biodiversity-Positive Carbon Credits and Nature Certificates

Summary: 

Forests, particularly primary tropical forests, are critical natural capital for meeting the Sustainable Development Goals, the objectives of the Paris Climate Agreement, and the goals and targets of the Kunming-Montreal Global Biodiversity Framework, especially in ways that benefit host countries and Indigenous Peoples and Local Communities (IPLCs). The One Forest Summit in Libreville on 1-2 March 2023, co-hosted by France and Gabon, provides an opportunity to ensure that these ecosystems are safeguarded and restored for their environmental, economic, cultural, and social benefits.

This report presents the state-of-play, diagnostics, and recommendations for unlocking new financial resources for the conservation, sustainable use, and restoration of biodiversity in a socially inclusive manner, with a focus on two emerging instruments: biodiversity-positive carbon credits and nature certificates.

Author
GEF
Publication Date
Monday, 27 February 2023
Applicable location
Africa
Topic/Theme
Forest management certification
Climate change
Database
Learning materials