EU’s roadmap for #naturecredits confirms the fears we expressed about the leaked version. We understand that #naturecredits will most likely be used as international compliance offsets. 1/3 eur-lex.europa.eu/legal-conten...

Today's EU session on creating a water smart economy leaves me with open questions; while I support the goal to increase water reuse, including through recovering phosphorus and nitrogen in water, I wonder: 1/3

EU's draft roadmap on #NatureCredits raises serious concerns and questions. We find that EU’s €37bn biodiversity funding gap could be closed entirely by redirecting existing subsidies to harmful activities, and doesn't require “making nature investable,” 1/3

IAPB/UN/WEF published a week ago their revised and updated high integrity principles to guide the biodiversity credits market. 1/4

EU to launch roadmap for building hashtag#nature markets by year end, still claims that credits won't be used for hashtag#offsetting, despite providing details that suggest the opposite. 1/11 carbon-pulse.com/398453/?utm_...

French private reinsurer SCOR offers a new insurance product for #biodiversity restoration projects. Note how this insurance is presented as a way for private companies with destructive activities to prevent tighter environmental regulations and to keep their social licence to operate 1/2

I had a discussion with a prominent proponent of #biodiversity credits, and his support came down to this: it's biodiversity credits or nothing; asking to address the root causes of the biodiversity crisis via env legislation and redirecting harmful subsidies would be "politically unrealistic," 1/10

Gaza humanitarian aid ship bombed by drones in waters off Malta

Just to note, the "well below 2°C" budget is for an 83% chance of not exceeding 2°C. As for the budgets, updated to start from January 2025. For a 50% chance of not exceeding 1.5°C it is ~170GtCO2 For an 83% chance of not exceeding 2°C it is ~575GtCO2 Attached table may be of interest.

We just responded to EU Commission's call for evidence on EU's #carbon market. We find that the call for evidence: - fails to ask input on a crucial weakness of the #EUETS, namely the weakness of the price signal due to excess price volatility, 1/7 greenfinanceobservatory.org/wp-content/u...

Now that French OBC is launching a #biodiversity credit pilot project in Abidjan, that TotalEnergies is doing biodiversity offsetting in Uganda & that the EU Commission launched a #NatureCredit pilot project in Peru, 1/2

It's hard to get your head around the scale of the environmental vandalism the Labour government is hoping to unleash. The Planning and Infrastructure Bill is up there with Trump's executive orders. And the reason is the same: corporate power. This week's column. www.theguardian.com/commentisfre...

EU Commissioner for Environment, Jessika Roswall, is organising today a roundtable discussion on #NatureCredits. The fact that only one NGO has been invited, the WWF, one that has long supported #biodiversity credits, while other participants are big agribusiness lobbies & financial institutions 1/2

For me, I will remember Francis as the Pope who called the Holy Family Church in Gaza every day as the city, and even the church itself, was bombed by Israel.

UN’s International Fund for Agricultural Development plans to support #biodiversity and #carbon credit markets to reward small-scale farmers in its new 2025-2031 environmental strategy. According to IFAD, small-scale farmers need an estimated $75 billion in nature and climate finance annually 1/3

Exactly why we can’t rely on private capital for critical conservation policies: “I passionately dislike the idea of locking up land for 30 years.” (...) Castro also advocates for shorter, renewable contracts on another basis. 1/2 www.ft.com/content/e28b...

“We used to have land grabs. Now we are having hashtag#carbon grabs,” Akinwumi Adesina, the president of the African Development Bank, said of what he described as low prices paid for African carbon credits. 1/2 www.ft.com/content/0468...

Yet the French envt minister recently called to get ready for a +4°C world 😅

Today EU’s Committee of the Regions will debate its report "Designing nature credits: A framework to promote biodiversity and ecosystem services. » We explain in our short brief below lnkd.in/e3r945qM

This is a grave and sobering admission: they are not pursuing the “WELL ACTUALLY he broke the law during protests,” they are bragging that they are deporting people for protected speech.

Bezos transforms the Washington Post into a propaganda machine claiming that regulation is "coercitive," and what we need instead "free markets." Perfect case study for my students about media control and why we fail on climate change & biodiversity loss mitigation. #ManufacturingConsent

Scotland's forthcoming #NatureCredit market has not yet started and already a Bill proposes enabling politicians to "modify or restate" the country's Environmental Impact Assessment and Habitat Regulations, 1/2 www.parliament.scot/-/media/file...

BlackRock officially embraces #NaturalCapital as asset class, with a focus on land use, deforestation, water, & biodiversity, after backtracking on ESG. This suggests that nat cap is not about curbing destruction but about new profit opportunities. www.blackrock.com/corporate/li...

An investigation has found that TotalEnergies is destroying a natural park in Uganda to extract oil, thanks to #biodiversity offset credits, supposed to generate a #NetGain but in reality inadequate. Leaked documents also suggest conflicts of interests. www.mediapart.fr/journal/ecol...

EU Commission will organise a workshop in the coming months to discuss "innovative financial and insurance packages for #carbon farming," despite its well-documented issues (high cost & uncertainty of MRV, lack of permanence, diversion from curbing emissions). carbon-pulse.com/369713/?utm_...

Before building 1,5 million homes and pretending to offset the related biodiversity destruction, England should focus on its 700,000 vacant dwellings, according to government figures. #BiodiversityNetGain #HousingCrisisorHousingAffordabilityCrisis? www.ft.com/content/a01c...

UK govt considering scrapping Biodiversity Net Gain, replacing case-by-case biodiversity offsetting and nutrient mitigation by developers' funded Nature Restoration Fund, to "unblock the building of homes and infrastructure." 1/3 carbon-pulse.com/368239/?utm_...

Dear #EuropeanEnvironmentalBureau and #Greenpeace, I am very surprised to see you endorse " #naturecredits as long as such a system does not include any form of offsetting and does not replicate any of the well-documented issues that plague voluntary carbon markets." 1/6

Andrew Steer (qui vient de quitter le Bezos Earth Fund, la fondation du nouveau pote de Trump) explique tranquilou ce qu'on savait déjà: Ses financements visent à "professionnaliser" les ONG & les vider de leur "héritage anticapitaliste" Merci @anabellarosemberg.bsky.social d'avoir partagé ce post

"Elon Musk's Tesla earned a record 2.8 billion dollars in 2024 from trading in regulatory #carbon credits (...) The company earns money by selling these credits to manufacturers producing fossil fuel vehicles, so they can hit env targets." www.ftm.eu/articles/elo...

"The regulatory burden will be lightened by an unprecedented simplification effort, starting next month. This will include a far-reaching simplification of legislation on sustainable finance reporting and due diligence," 1/2

"There's (...) an avalanche of interest in the work of the [IAPB] panel...and the next steps for us will be to drive capacity building and help governments to embed the framework's principles in [domestic] markets (...) 1/4 carbon-pulse.com/360005/?utm_...

What does Trump election mean for #biodiversity markets? Banks and asset managers are already starting to leave the ESG ship and companies that never cared in the first place will no longer have to pretend, unless a significant share of their customers still ask for it. 1/4

"We see [ESG] as a risk management technique (...) A company with a good ESG rating shouldn’t be doing too much damage to the environment, shouldn’t be treating its workers too terribly and shouldn’t have a terrible corporate structure, because these things could constitute financial risks." 1/2

EU Commission tasks platform on sustainable finance with recommending changes in EU taxonomy to include #biodiversity credits carbon-pulse.com/356999/?utm_...

Excellent article and conclusion, but politically weak abstract? It may seem like a detail, but the sentence "while there may be a role for markets in attracting conservation funding, they will only ever be part of the solution" is problematic imo, 1/6 royalsocietypublishing.org/doi/10.1098/...

EU Commission's 90% emission reduction target for 2040 will most likely be a "net" target that will include #carbon removals from soils and forestry. Good luck to brave MEPs like @emmawiesner.bsky.social who fight against this break of EU Commission's promise carbon-pulse.com/349381/?utm_...

New peer-reviewed meta-study assessed 2,346 #carbon projects and found that “less than 16% of the carbon credits issued to the investigated projects constitute real emission reductions”. h/t @reddmonitor.bsky.social www.nature.com/articles/s41...

#Falsesolutions episode 3: After #COP16 & #biodiversity #offsets, #COP29 & #carbon offsets, UN's global plastic treaty could include a big role for plastic offsets, allegedly to close the funding gap blabla, but in reality to divert attention from the need to cut plastic production. 1/2

French public bank CDC Biodiversity lobbies EU to link Nature Restoration Law & nature credits in order to boost demand for credits. Such a move, combined with EU #biodiversity Net Gain Principle, would create a compliance biodiversity offset market. #falsesolution carbon-pulse.com/344917/?utm_...

Is "Innovative sources of finance" codeword for as little real financial support as possible from Global North countries at #COP29? We understand the inclusion of controversial instruments in the New Collective Quantified Goal on climate finance's latest draft (green bonds based on a taxonomy 1/2

France just signed the legal texts to launch "high integrity" #biodiversity #credits on 14 Nov. While the French govt states that there will be no secondary market, we believe that this statement must be taken with great caution, given IAPB's diverging position on the subject 1/3

Why the alleged $700bn funding gap for #biodiversity is a bogus figure www.cffacape.org/publications...

The CEO of COP29 talking to a fake investment group on a video call, promising to arrange deals between them and SOCAR, Azerbaijan's state-owned oil and gas company during the upcoming climate conference: www.bbc.com/news/article...

Do you know that the "#NatureCredits" promoted by the new EU environment commissioner go beyond carbon and biodiveristy offsets/credits? The EU Climate-Biodiversity nexus expert group jsut provided the below definition: “Nature credits’ is used as an umbrella term 1/3

Scotland just published a framework for 'high integrity nature markets.' Its goals include generating "significant economic growth," thereby further entrenching the current economic growth maximisation paradigm that created the current crisis.. 1/5 www.gov.scot/binaries/con...

EU Commission dismisses ETS for agriculture, favours #carbon farming - which is totally different from a climate perspective since the former puts a cap on emissions and the latter does not. carbon-pulse.com/339435/?utm_...

In addition to the below concerns, there are many open questions with the TFFF, as we detail in this short brief #COP16Colombia greenfinanceobservatory.org/wp-content/u...

BREAKING - The worst conservation fund ever? The Tropical Forests Forever Facility is an investment fund launched at #COP16Colombia where wealthy nations, such as the United States, Norway, Germany, France, Great Britain, and the UAE will loan - not donate - money for 20y.... 1/7

Finland just announced plans to develop a voluntary biodiversity credit market called “market for nature values.” It'll will go beyond biodiv offsetting and enable companies to make also other “nature-related claims.” #COP16Colombia #ImaginaryServices #GoodLucktoWannabeInvestors