{"id":7931,"date":"2023-08-04T09:16:07","date_gmt":"2023-08-04T09:16:07","guid":{"rendered":"https:\/\/terrain.org.au\/board-director-changes-copy\/"},"modified":"2023-08-23T00:39:32","modified_gmt":"2023-08-23T00:39:32","slug":"cop15-and-biodiversity-credit-schemes","status":"publish","type":"post","link":"https:\/\/terrain.org.au\/cop15-and-biodiversity-credit-schemes\/","title":{"rendered":"Terrain NRM at COP15"},"content":{"rendered":"[mk_page_section bg_image=”https:\/\/terrain.org.au\/wp-content\/uploads\/2022\/11\/greenconnectionsslide.jpg” bg_position=”center center” bg_repeat=”no-repeat” bg_stretch=”true” enable_3d=”true” min_height=”500″ js_vertical_centered=”true” padding_top=”” padding_bottom=”” section_id=”donate” el_class=”donate-1″ sidebar=”sidebar-1″][vc_column][vc_empty_space height=”70px”][mk_fancy_title font_family=”none” align=”center”]COP15 – OUR EXPERIENCE[\/mk_fancy_title][mk_padding_divider size=”67″][\/vc_column][\/mk_page_section][mk_page_section section_id=”great-1″ sidebar=”sidebar-1″][vc_column width=”1\/2″ css=”.vc_custom_1563789112768{padding-right: 36px !important;padding-left: 0px !important;}” el_class=”great_header_left”][mk_padding_divider size=”100″ visibility=”hidden-nb”][mk_padding_divider size=”15″ visibility=”visible-sm”][mk_padding_divider visibility=”visible-tl”][mk_fancy_title size=”28″ letter_spacing=”4″ margin_bottom=”0″ font_family=”none” el_class=”terrain-title-2″]COP15 & BIODIVERSITY MARKETS[\/mk_fancy_title][mk_padding_divider size=”60″ visibility=”hidden-nb”][mk_padding_divider size=”20″ visibility=”visible-nb”][vc_column_text el_class=”sub-head” css=”.vc_custom_1671502467204{margin-bottom: 0px !important;}”]DEC 2022[\/vc_column_text][mk_padding_divider size=”5″][vc_column_text css=”.vc_custom_1671567621905{margin-bottom: 0px !important;}”]The global spotlight has been on Montreal as representatives from around the world meet to gain agreement on a Global Biodiversity Framework and to set goals and targets to halt and reverse biodiversity loss. Thanks to our work on Cassowary Credits – a biodiversity credit scheme – Terrain NRM was part of the UN Conference.\u00a0 <\/span><\/b>\u00a0<\/span>\u00a0<\/span><\/p>\n

An historic agreement has been reached at the COP15 conference. Nations agreed to protect a third of the planet for nature by 2030 – great news that creates targets we can all work with for protecting rainforests, wetlands and the rights of Indigenous peoples.\u00a0\u00a0<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n

The next hurdle is funding, which was also a major topic of discussion at the conference. Setting targets is one thing, committing the funding to make it happen is another. Currently there is insufficient investment from governments. Other entities in the private sector are stepping up and environmental organisations have also been exploring alternative investment sources. An example is the Cassowary Credit Scheme that Terrain is developing to bring more funding into the Wet Tropics region for forest restoration projects. One of the targets set at COP15 includes substantial increases in investment from all sources, and recognises biodiversity credits as a mechanism for driving private sector finance into nature regeneration.\u00a0\u00a0<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n

Sarah Hoyal, Terrain\u2019s Biodiversity and Climate Leader, says Terrain NRM\u2019s thinking aligned with many others at COP15 on the need for greater investment in nature from multiple sources that truly benefit nature, Indigenous people, and local communities.\u00a0<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n

\u201cIt\u2019s obvious, from the people we\u2019ve been speaking to, that there\u2019s a real appetite for change that is broader and supplements government funding. There is a lot of thinking around how financial markets can help accelerate nature restoration. It\u2019s not about monetising nature, it\u2019s simply enabling a greater pool of investment.\u201d<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n

\u201cCurrently there isn\u2019t a developed nature market anywhere in the world, and many consortiums globally are coming together to tackle the idea of a global nature market. The risk is that while there is a lot of interest in restoring nature, without sufficient investment and a rigorous framework, it could all result in \u2018green washing\u2019.”<\/span>\u00a0<\/span>[\/vc_column_text][\/vc_column][vc_column width=”1\/2″ css=”.vc_custom_1563789122720{padding-right: 0px !important;padding-left: 34px !important;}” el_class=”great_header_right”][mk_padding_divider size=”206″ visibility=”hidden-sm”][mk_padding_divider size=”50″ visibility=”hidden-sm”][mk_padding_divider size=”50″ visibility=”hidden-sm”][vc_separator][vc_column_text css=”.vc_custom_1671511315444{margin-bottom: 0px !important;}”]\"\"[\/vc_column_text][vc_column_text css=”.vc_custom_1671511739142{margin-bottom: 0px !important;}”]\u201cThere has been strong interest in the Cassowary Credit Scheme from investors, all levels of governments, method developers, project developers, development banks and corporate interests. While it\u2019s not ready for a market launch yet, many organisations at COP15 understand the need to invest in developing innovative schemes and are willing to support biodiversity schemes like Cassowary Credits through development, pilot testing and registration.\u201d\u00a0\u00a0<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n

COP15 has been described as a \u2018Paris moment\u2019 – in reference to the landmark climate change conference in 2015. We don\u2019t know yet if it really will be the \u2018Paris moment\u2019 for nature, but there is no doubting that this is what people (and voters) want. It will need governments to take bold action to establish the targets and policies, and the private sector to be willing to get involved in solutions that create real outcomes for the environment.\u00a0<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n

Terrain is currently looking for investors to help bring Cassowary Credits to market \u2013 please get in touch with us if you would like to find out more. Email info@terrain.org.au<\/span><\/b>\u00a0<\/span><\/p>\n

\u00a0<\/span>Thank you to the Queensland Government and World Economic Forum for sponsoring our attendance at COP15.\u00a0<\/span><\/i>\u00a0<\/span>[\/vc_column_text][\/vc_column][\/mk_page_section][mk_page_section el_class=”grean-btn-sec” sidebar=”sidebar-1″][vc_column][mk_padding_divider size=”47″ visibility=”hidden-sm”][mk_button dimension=”outline” url=”https:\/\/terrain.org.au\/what-we-do\/biodiversity\/” align=”right” el_class=”green-btn” outline_skin=”custom” outline_active_color=”#175137″ outline_active_text_color=”#ffffff” outline_hover_bg_color=”#175137″ outline_hover_color=”#ffffff”]Read More[\/mk_button][mk_padding_divider size=”100″ visibility=”hidden-sm”][\/vc_column][\/mk_page_section][mk_page_section section_id=”great-1-blog” sidebar=”sidebar-1″][vc_column][mk_padding_divider size=”105″ visibility=”hidden-sm”][mk_fancy_title size=”28″ letter_spacing=”4″ margin_bottom=”0″ font_family=”none” align=”right” el_class=”terrain-title”]RELATED NEWS[\/mk_fancy_title][mk_padding_divider visibility=”hidden-sm”][\/vc_column][\/mk_page_section][vc_row fullwidth=”true” fullwidth_content=”false” id=”post_grid_filter_1″][vc_column][vc_column_text el_class=”grid_greate_3″ css=”.vc_custom_1651022120669{margin-bottom: 0px !important;}”]\n

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