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How is a biodiversity credit different from a carbon credit for nature-based solutions?

Nature-based solutions carbon credits have been in the market for some time, and in most cases positive impacts to biodiversity are considered a “co-benefit” that is in addition to the climate impact.  For the time being, these biodiversity benefits remain unquantified, while they are often considered “premium” carbon credits and are typically sold at a higher price (Compensate Foundation, 2023).