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France and UK Announce Roadmap to Boost Biodiversity Credit Market
September 5, 2023In June 2023, the UK and France announced a joint plan to launch a new biodiversity credits scheme. Through the Global Biodiversity Credits Roadmap, the two countries have pledged to support private sector biodiversity efforts and mobilize financing towards preventing biodiversity loss and conserving nature. The U initiative was launched at the Summit for a New Financial Pact held in Paris. The Roadmap supports the COP15 Global Biodiversity Framework (GBF), which, among other things, aims to protect 30% of the world’s land and oceans and restore 30% of degraded ecosystems by 2030.
