Pricing, funding and financial flows

The first EcoMeme was launched over a year ago. I know that because I did it. I also know this because a record of its launch is recorded on the blockchain forever. It reads 24th July 2023 at 8.27am.

Biodiversity in the Digital age Part 4C

Principles behind credit design for the supply side of the system

Value Transfer and Function for the Supply Side of the System

Foundations for Creating Digital Biodiversity Credits

Welcome to part two in a series of five articles exploring the place of biodiversity in an increasingly digital society. The aim of this series is to investigate the process of facilitating meaningful transfers of value between nature and the digital world.

As societies recognise the urgent need to address the accelerating loss of species and habitats, the use of market mechanisms such as biodiversity credits as a potential solution is gaining traction. This was reinforced through the outcomes of COP15 (the 15th Conference of Parties to the UN Convention on Biological Diversity held in Montreal 2022), with biodiversity credit markets being identified in Target 19 of the Kunming-Montreal Global Biodiversity Framework (GBF) as an important mechanism for driving private sector finance towards nature protection and restoration.

The metaverse, an immersive realm of digital assets and online utility, would appear to offer an unlikely pairing with biodiversity, a concept bound in the complex physicality of nature. However, I believe that we are heading towards a future where the two are deeply intertwined, driven by shifts in technology and human behaviour.