Beyond Metrics: The Ecocentric Critique of Biodiversity Finance and What It Demands of Accounting, Law and Markets going forward
Abstract: TBA
Justice in urban nature financing
Measuring biodiversity change: a complex, foundational issue for biodiversity finance
Abstract: For biodiversity finance to be worthwhile, we need confidence that payments produce positive biodiversity outcomes. Achieving this is a foundational issue, but is complex and multi-layered. In this talk, I examine this complexity from first principles, starting with what a positive biodiversity outcome is and issues around what should be measured. I discuss key tradeoffs, including between costs of monitoring and confidence in that monitoring, between payment for actions vs outcomes, and between different goals of biodiversity finance, including the role of offsetting. I summarise key high-integrity frameworks that I have been involved in developing, particularly the High-Level Principles (Biodiversity Credit Alliance / World Economic Forum / International Advisory Panel on Biodiversity Credits [IAPB]) and the IAPB’s Design Criteria, and issues around how they are implemented. I also consider the role of regulation, and critique the quality-control processes in operation. I conclude by considering what is needed but still missing, which research and collaboration may be able to address.