Green Finance Observatory

IAPB's session this Sunday at #COP17 unsurprisingly focused on creating"comfort and derisking for the buyer," (aka the State takes the risk, private investors get the profits), on the need to "simplify the rules so that it works for the market." 1/4

or distinguishing 3 types of additionality (ecological, financial, regulatory) to try and make us forget that maintenance credits have zero ecological additionality. Of course, left unsaid is the fact that projects/credits with financial additionality but no ecological additionality 3/4

IAPB's session this Sunday at #COP17 unsurprisingly focused on creating"comfort and derisking for the buyer," (aka the State takes the risk, private investors get the profits), on the need to "simplify the rules so that it works for the market." 1/4

A new UN report today warned that if current policies continue, warming could reach 2.8°C within this century and increase thereafter. Meanwhile COP31 co-host #Australia just approved a major coalmine expansion, 1/2

As #cop17Armenia begins, the Global Forest Coalition, the Global Youth Biodiversity Network, the Green Finance Observatory, the Rainforest Action Network and the Third World Network published a short briefing paper. In it, we reiterate our strong rejection of biodiversity credits and offsets 1/3

and make the following clarifications regarding dubious claims about these schemes: 1. There will be no biodiversity credit market without offsets in most cases 2. The IAPB, BCA and WEF framework is NOT a high-integrity framework 2/3

Ahead of #COP17Armenia, Clive Spash and I had an in-depth look at IAPB/BCA/WEF's framework for "high integrity" #biodiversity credit markets. We find that several of its features contradict the high integrity claim. 1/5 seecentre.org/wp-content/u...

– it leaves specific roles for Indigenous People and Local Communities vague and unspecified; – there is also an absence of detailed recommendations for legal liabilities, penalties, sanctions in case of harm; 5/5

Ahead of #COP17Armenia, Clive Spash and I had an in-depth look at IAPB/BCA/WEF's framework for "high integrity" #biodiversity credit markets. We find that several of its features contradict the high integrity claim. 1/5 seecentre.org/wp-content/u...

– the framework allows multinational corporations to operate business as usual across countries by offsetting within an undefined “local area”; – it allows ex-ante credits, before any positive impact has been measured; – it introduces maintenance credits that have no ecological additionality; 3/5

Ahead of #COP17Armenia, Clive Spash and I had an in-depth look at IAPB/BCA/WEF's framework for "high integrity" #biodiversity credit markets. We find that several of its features contradict the high integrity claim. 1/5 seecentre.org/wp-content/u...

French bank Credit Agricole launches Crédit Agricole Capital Naturel. Crédit Agricole Capital Naturel will also call on the Amundi Arbora Nova fund, a fund structured around afforestation and reforestation. 1/9 presse.credit-agricole.com/credit-agric...

...the job is done. And making them actually work would make the credits far more expensive, which would get in the way of the overarching competitiveness and growth objectives. 11

French bank Credit Agricole launches Crédit Agricole Capital Naturel. Crédit Agricole Capital Naturel will also call on the Amundi Arbora Nova fund, a fund structured around afforestation and reforestation. 1/9 presse.credit-agricole.com/credit-agric...

One might question the sustainability claims of a #financialisation of forests and farmland however, and might do well to remember the impact of agricultural commodity derivatives speculation on the 2007/2008 food crisis. 9/9

French bank Credit Agricole launches Crédit Agricole Capital Naturel. Crédit Agricole Capital Naturel will also call on the Amundi Arbora Nova fund, a fund structured around afforestation and reforestation. 1/9 presse.credit-agricole.com/credit-agric...

governments expect food and water shortages within a few years (see UK's Joint Intelligence Committee report), forests and farmland are real assets and a good inflation hedge, and natural capital is the new ESG, 7/9

French bank Credit Agricole launches Crédit Agricole Capital Naturel. Crédit Agricole Capital Naturel will also call on the Amundi Arbora Nova fund, a fund structured around afforestation and reforestation. 1/9 presse.credit-agricole.com/credit-agric...

In practice there is very limited demand for voluntary CSR purchases, see the carbon offset space, so in practice this fund might enable institutional and retail investors to speculate on the value of forests, and possibly farmland tomorrow, 5/9

French bank Credit Agricole launches Crédit Agricole Capital Naturel. Crédit Agricole Capital Naturel will also call on the Amundi Arbora Nova fund, a fund structured around afforestation and reforestation. 1/9 presse.credit-agricole.com/credit-agric...

- companies that want to finance their projects, reduce their environmental footprint or secure their sustainable supplies; - investors looking for new asset classes with a sustainable investment objective - owners of natural assets who want to improve the resilience and value of their assets; 3/9

French bank Credit Agricole launches Crédit Agricole Capital Naturel. Crédit Agricole Capital Naturel will also call on the Amundi Arbora Nova fund, a fund structured around afforestation and reforestation. 1/9 presse.credit-agricole.com/credit-agric...

VDL speech in front of the French business lobby: our 6 main challenges are competitiveness (we need to simplify aka deregulate and derisk), financing our economies (we need to shift more retail savings into equity markets, more venture capital & securitisation), 1/4 ec.europa.eu/commission/p...

and trade (more free trade agreements). So climate change did not make it in the list of the 6 highest challenges, there is however a call to produce low carbon energy in Europe, 3/4

VDL speech in front of the French business lobby: our 6 main challenges are competitiveness (we need to simplify aka deregulate and derisk), financing our economies (we need to shift more retail savings into equity markets, more venture capital & securitisation), 1/4 ec.europa.eu/commission/p...

As the Peoples' Conservation Summit will start tmrw, we published a short brief: Could biodiversity credits fund a significant part of Indonesia’s conservation policies in the future? And how credible is it to expect credits without offsets? #PCS2026 #KonservasiRakyat 1/2 PCS: pcs.iccas.or.id/en