IEEP’s work on innovative financing for EU biodiversity conservation was presented in Cancun, Mexico at the 13th Conference of the Parties to the UN Convention on Biological Diversity.
This study by ICF International, IEEP and national experts reviewed international best practice for designing biodiversity offsetting metrics and establishing mechanisms for ensuring long term conservation benefits from offsetting. It explores options for implementation at the European level and possible challenges. The report follows up on the IEEP report on policy options to achieve no net loss of biodiversity.
A new IEEP led study concludes that mandatory biodiversity offsetting is required to achieve no net loss of biodiversity in the EU, but its introduction could be counter-productive if it is not introduced cautiously and regulated strictly. The first priority should be to better implement existing nature conservation measures.
There is an urgent need to find sufficient resources to enable developing countries to implement the global targets for biodiversity by 2020. Financing the conservation and sustainable use of biodiversity from different sectoral funding flows can complement global biodiversity financing.