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biodiversity credits gain traction at cop16 amid concerns over market integrity
The biodiversity market gained momentum at COP16, with new guidelines for biodiversity credits introduced amid concerns over potential pitfalls similar to those faced by carbon markets. While some view these credits as a means to attract private investment for nature conservation, activists warn that biodiversity offsets could undermine genuine restoration efforts and Indigenous rights. The market remains small but is evolving, with various governments and organizations exploring innovative financing options to protect ecosystems.