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The role of law session 3: Biodiversity credits – managing risks and ensuring success in an emerging market


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 will be joined by a panel of renowned biodiversity specialists to probe the evolution of new financing approaches, notably those delivering biodiversity credits. Questions to be covered include:

  • What role will biodiversity credits play in the management, mitigation and transfer of ecosystems risk? 
  • How will a global biodiversity credits market grow to scale? 
  • What lessons can be learnt from the troubled evolution of new credit markets in the climate sphere?

The flow of public and private finance at scale to natural resource rich emerging economies will be key in efforts to slow and halt ecosystems destruction and then restore natural systems.
The GBF agreed to mobilise by 2030 at least US$ 200 billion per year in domestic and international biodiversity-related funding from all sources. Critically, international financial flows from developed to developing countries are to be boosted by US$ 20 billion per year by 2025, and to at least US$ 30 billion per year by 2030. The GBF, known as the Kunming-Montreal agreement, includes four overarching goals and 23 targets. The UN process was Chaired by China and convened by Canada.

This event will be chaired by Alexander Rhodes, Partner and Head of Mishcon Purpose and we will be hearing from speakers including Matt McLuckie, Managing Partner at Posaidon Capital, Julia Baker, Head of Nature Services at Mott Macdonald and Glenn Anderson, Project Lead at Wendling Beck.

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