Markets working to support sustainable development

Conditional environmental financing

Biodiversity offsets (Conservation Banking)

Biodiversity offsets are a form of conditional environmental financing. Like their more well-known cousin, carbon offsets, various parties (e.g. governments, companies or individuals) look to compensate the damage they cause in one location by benefitting bidoversity somewhere else. 

REDD+ Partnership

Reducing Emissions from forest Degradation and Deforestation (REDD) is a policy measure for mitigating climate change caused by loss of carbon in forest ecosystems. It uses a carbon emissions-offsetting structure that places an economic value on the safeguarding of forest carbon stocks and provides an incentive for investment in sustainabiity. 

About REDD+

At the UNFCCC conference in Poznan, Poland, negotiators reached a consensus that REDD activities should be broadened. The original two aims were to:

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Forest Carbon Partnership Facility (FCPF)

The Forest Carbon Partnership Facility is an initiative hosted by the World Bank and designed to assist ‘tropical and subtropical forest countries develop the systems and policies for REDD+’. REDD is an innovative market-based instrument designed to place value on standing forests and so reduce emissions from forest destruction and deforestation.

The FCPF has two main components:

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REDD+

Reducing Emissions from forest Degradation and Deforestation (REDD) is a measure for mitigating climate change caused by loss of carbon in forest ecosystems. It uses a carbon emissions-offsetting structure that places an economic value on the safeguarding of forest carbon stocks and provides an incentive for investment in sustainabiity. REDD has the potential to be an important mechanisms for climate change mitigation. The IPCC estimates that 17% of total greenhouse gas emissions are caused by deforestation.

REDD+

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Business and Biodiversity Offsets Program (BBOP)

The Business and Biodiversity Offsets Program (BBOP) is an international collaboration between over 70 companies, financial institutions, government agencies and civil society organisations. It aims to help companies to conserve biodiversity in an ecologically effective and economically efficient manner as they pursue their business goals.

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