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Seychelles Cautious on Biodiversity Credits
Seychelles cautiously explores biodiversity credits for conservation, facing criticism and concerns about accountability and potential misuse.
English
Nigeria
Climate ChangeFinanceEnvironmentSustainabilityClimateConservation
Seychelles Ministry Of AgricultureClimate Change And EnvironmentConvention On Biological Diversity (Cbd)Global Forest Coalition (Gfc)
Flavien JoubertSouparna Lahiri
- What is Seychelles' current stance on biodiversity credits?
- Seychelles is cautiously exploring biodiversity credits as a funding mechanism for conservation, but is not yet fully committed due to concerns about accountability and potential misuse.
- What are some of the potential misuses of biodiversity credit schemes?
- Concerns exist that biodiversity credit schemes might be used for money laundering or to shift responsibilities rather than genuinely fund conservation efforts.
- What concerns does Minister Joubert highlight regarding biodiversity credit schemes?
- Minister Joubert emphasizes the need for scrutiny and justice in biodiversity credit systems to avoid creating opportunities for corporations to evade their responsibilities.
- What is Seychelles' planned approach to implementing biodiversity credit mechanisms?
- Seychelles plans to draft a document outlining its position on biodiversity credits before making any commitments, prioritizing strong principles and environmental benefits over simply acquiring funding.
- What are the main criticisms of biodiversity credits, according to environmental NGOs?
- The Global Forest Coalition (GFC) criticizes biodiversity offsets, arguing they allow corporations to profit from ecosystem destruction while communities bear the costs; they advocate for community-led conservation.