The International Carbon Registry (ICR) launched a pilot biodiversity programme on 20 June 2024, aiming to integrate biodiversity conservation and restoration into global sustainability efforts. This programme will provide a framework for area-based biodiversity projects, aligning with the Kunming-Montreal Global Biodiversity Framework and Biodiversity Net Gain principles. Projects will be registered and issue biodiversity credits publicly on CarbonRegistry.com, with independent third-party validation and verification. Alvaro Vallejo, formerly of Cercarbono, joined ICR as the Biodiversity Program Lead, bringing 34 years of experience in forest and biodiversity management. The initiative seeks to mobilise finance for biodiversity conservation through the establishment of biodiversity credit markets.
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