Carbon and Biodiversity Credit Schemes to Benefit MPA Managers

Description

May 22, 2024 11:00 AM EST

Presented by: Julian Clifton of the University of Lincoln 

Description: Carbon and biodiversity credit schemes (often collectively referred to as 'nature-based solutions') are increasingly highlighted as a means to deliver on global biodiversity and climate change targets. The total size of the nature-based solutions market is projected to reach around $200 billion by 2050, representing a significant means to address the growing gap in conservation financing in protected areas worldwide. It is imperative, however, to ensure that the design and delivery of monetary or non-monetary benefits (termed co-benefits) arising from such credit schemes involve relevant resource users, including indigenous peoples, on an equitable and just basis. This webinar will introduce the current landscape of biodiversity and credit schemes, identifying the main actors and processes involved. The webinar will identify a suite of principles and criteria which provide a framework for managers and communities within protected areas to evaluate the impacts of credit schemes on local resource users and ensure that co-benefits are tailored to the local social, cultural, political and environmental context. The role of MPA managers as intermediaries in scheme design and implementation will also be highlighted. It is hoped that this webinar will enable MPA managers to work alongside resource users in the co-design and implementation of nature-based solutions schemes to facilitate the long term delivery of appropriate co-benefits  to MPAs and their resident communities.

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