OUR APPROACH
AN OPEN AND INCLUSIVE PROCESS
IAPB brings together expert views from a myriad of stakeholders with a keen interest in the development of biodiversity credit markets enabling it to operate as a ‘bridge’ between sectors and actors.
The Panel and Working Groups comprise more than 120 people from over 25 countries drawn from finance, business, Indigenous Peoples and local communities, NGOs and academia. Our five Working Groups seek solutions to critical challenges for developing high integrity biodiversity credit markets covering the areas of Measurement, Supply, Demand, Stewardship and Governance.
IAPB also works with a group of Knowledge Partners including from leading scientific institutions with expertise across the natural sciences, economics, finance and law.
Extensive outreach bilaterally and through multilateral fora further informs our work, and to date we have also run two public consultations and a survey of project developers.
PUBLIC CONSULTATIONS
Call for Views
The Call for Views ran from 27 November 2023 to 12 January 2024. It was centred around five market design challenges related to Measurement, Supply, Demand, Stewardship and Governance. Rich insights were drawn from the detailed responses provided by a range of stakeholders from multiple sectors across 26 countries.
On the issues of measurement and taxonomy, respondents favoured approaches that are based on both activities and outcomes, as well as on both conservation and restoration of biodiversity.
Respondents highlighted that international alignment and clear transparency, and accountability mechanisms were prime among the building blocks that need to be put in place to scale markets effectively.
A message that persisted throughout all five design challenges was the support for Indigenous Peoples and local communities to play a leading role in the development of markets as well as individual projects within them.
The Consultation on Archetypes ran from 18 April to 29 May 2024. It focused on understanding the range of possible market models (archetypes) for biodiversity credits, and the key factors, challenges and opportunities that could influence their success. Insights were gathered from 82 respondents in 27 countries from a wide range of sectors and backgrounds.
Across all the models explored, market actors valued high integrity through strong rules, standards, guidelines and independent third-party oversight.
Respondents saw potential in both contribution and compensation models to deliver biodiversity positive outcomes, and highlighted opportunities for biodiversity credits to help companies rethink their relationship with nature.
Feedback also stressed the importance of rights across multiple themes, and considered the ways in which biodiversity credits could be based on meaningful engagement and co-creation with Indigenous Peoples and local communities.