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If you are wondering how to support carbon credit projects with biodiversity impacts, keep reading...
When it comes to biodiversity measurements, we often use nature credit as an indicator.
When evaluating the positive impacts of project intervention, we consider 3 dimensions: Extent, Condition, and Significance.
Extent: The area (in hectares) of each ecosystem type within the project boundary
Condition: The amount or quality of biodiversity present
Significance: The importance of the biodiversity present for achieving defined conservation aims (e.g., contribution to the GBF goals and targets)
Generally, 1 nature credit will be a weighted average of “extent x condition.”, representing 1 quality hectare(Qha).
The significance will be attributed separately(not into the calculation) with a holistic evaluation.
As a stakeholder who values biodiversity, the number of nature credits and their significance will provide an overall picture of biodiversity conservation.
Currently, to prevent perverse incentives, standard bodies are seeking stakeholders' input to develop “nature stewardship credits” or other prevention mechanisms for historically well-managed ecosystems.
These approaches intend to reward verified conservation outcomes that contribute to ecosystem stability and resilience.
In addition, they value Indigenous people's efforts to conserve nature with economic and cultural support.
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Notification: Nature credit is the term used in Verra standard and active methodologies. If the project is developed based on other registries, we may need to look into the specific methodology information to learn about the biodiversity impacts.
