Biodiversity financing has been the poor cousin to climate financing despite the inextricable links between these two dominant systemic risks. However, the markets are changing.
The agreement by 188 governments in December 2022 of the first historic United Nations Global Biodiversity Framework (GBF) has focused international attention on how these ambitious goals will be delivered and, notably, financed. An overarching question is what role will markets and new, often untested, financial instruments and mechanisms play?
In the third edition of Mishcon Purpose’s Role of Law Series we were joined by a panel of renowned biodiversity specialists to probe the evolution of new financing approaches, notably those delivering biodiversity credits.