Blockchain for Good - France reposted this
20+ years in Sustainability | Climate Finance | Impact Blockchain | Public Speaker | Skilled Facilitator
“We will learn from #carbon #credits failures and we will set the #biodiversity #credits #market up for success!🌿 This is how World Economic Forum Alessandro Valentini introduced the - “High Level Principles for Integrity and Governance of the Biodiversity Credit Market" Panel-,co-hosted with the International Advisory Panel on Biodiversity Credits and the Biodiversity Credit Alliance, at #COP16 on #biodiversity in #Cali, #Columbia 🌎 Here are some of the key points discussed yesterday + suggestions I'd like to share on how we can help with #blockchain tech carefully designed . (DM me if you want to find out more). 🌱 First, the question at the core: "We try to adjust Nature to financial principles while it is the other way around"! (Juan C. Pinto, Ph.D.) 👉With programmable money, we can design regenerative finance models adapted to Nature 💰Both finance institutions (Leonardo Busatto) and companies (Owain Griffiths) pointed out the question of investment in biodiversity credits versus ROI. “What type of assets is a biodiversity credit? “, “ How do we calculate the biodiversity credit price? year/specie/$ 📊 Owain Griffiths warned of the risks of spending far more money on #MRV than what would be paid to local Nature custodians. 👉dMRV (digital) open up opportunities to lower impact data collection costs 👉Reward automatically local custodians reporting proof of impact 🗣️Hanieh Moghani and Esther (South Africa) emphasized that Indigenous people are part of projects governance from the start 👉 #DAO (Decentralized Autonomous Organization), which is tech based, allows diverse stakeholders to collaborate and get rewarded easily 🙏 Thank you to panel moderator Samantha Lacey, who presented the three pillars of their recommendations to #COP16: 🌟 Verified positive outcomes for Nature 🌟 Equity and fairness for people 🌟 Good governance for high integrity markets Yes, we can indeed build together a biodiversity credits market with integrity and efficiency! Meghan Edge Melanie Damour Naïg Cozannet Anna Lerner Nesbitt
