OPIS has announced the launch of the OPIS Biodiversity Market Report, a weekly publication set to provide comprehensive pricing and insights for voluntary biodiversity credit projects globally.
The report aims to support businesses in achieving nature-positive goals by providing the latest news and insights on biodiversity markets, policies, and innovative technologies. This report will also offer essential metrics and accounting units to facilitate and record efforts in biodiversity conservation.
Lisa Street, Executive Director of Climate and Carbon Markets at OPIS, stated, "We forecast unparalleled action over the next few years to fight nature loss as countries increasingly realise the risk of nature degradation on the economy, business, and security. Governments across the world are developing biodiversity compliance markets and implementing laws that push companies to assess and mitigate their impacts on ecosystems, driving global efforts to protect and restore biodiversity. The news, data, and analysis in the OPIS Biodiversity Market Report is invaluable for public officials, project developers, and early TNFD adopters looking to achieve nature-positive goals."
The role of businesses in combating biodiversity loss has gained significant attention, especially since the signing of the Kunming-Montreal Global Biodiversity Framework at COP15 in December 2022. This framework aims to halt and reverse nature loss by 2030. In line with this, hundreds of banks, asset managers, and corporations committed to the Taskforce on Nature-Related Financial Disclosures (TNFD) to assess their dependencies on nature earlier this year.
Dr. Tim Coles, Chief Executive Officer at voluntary biodiversity credit project developer rePLANET, which contributes pricing information to the OPIS Biodiversity Market Report, highlighted the critical need to address biodiversity loss alongside carbon emissions reduction. "We have already seen a 70% decline in species populations over the last 50 years, pointing towards more extinctions. Government and philanthropy alone can't fund the estimated $800 billion needed annually to reverse this loss. However, the private sector is already investing billions in carbon-reducing initiatives. Measuring biodiversity benefits in carbon projects can attract investments to protect and restore vital reserves of nature, aiding both carbon reduction and biodiversity restoration," he said.
The OPIS Biodiversity Market Report is designed to be a valuable resource for the environmental sector and companies funding projects that generate biodiversity credits. This initiative underscores the growing engagement of the private sector in environmental conservation and the necessity for transparent and accurate data in measuring and reporting these efforts.
