Corporate financing of nature-based solutions: what next?
May 6, 2021
There is a risk of corporations funding NbS instead of cutting emissions - this must be avoided for action against climate change to be effective.
This blog from the World Resources Institute makes suggestions of how to ensure that investments in nature-based solutions for climate change mitigation lead to successful, large-scale protection of nature, rather than harming nature and undermining momentum towards rapid decarbonisation. The authors thoroughly explain how meeting two overarching principles is critical to ensure a positive outcome:
- Demand for credits: carbon credits must not incentivise companies to delay emission reductions.
- Supply of credits: projects funded through carbon credits must be ecologically and socially sustainable, and meet standards for integrity in terms of the quantity of carbon stored in the long term.
Read the full article here.