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What is a biodiversity credit?

The concept of biodiversity credits is still being defined, as this is a nascent market. The BCA definition is “A biodiversity credit is a certificate that represents a measured and evidence-based unit of positive biodiversity outcome that is durable and additional to what would have otherwise occurred” (BCA, 2024). There are a number of emerging schemes, which stipulate that a biodiversity credit is a financial instrument that supports the conservation of nature, and includes some aspect of a conservation activity or outcome, over a certain area, during a certain time period (Pollination, 2023).