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Biodiversity Credits: an Outdated and Misguided Solution to the Crisis - Debates Indígenas
Biodiversity offsetting, the main use by far of biodiversity credits, has been around for 40 years, with a very poor track record and well-known environmental and human rights issues. It is similar to carbon offsetting only worse because, instead of a few greenhouse gases, we are talking about millions of species with complex relationships that cannot be reduced to a few tradable assets. In addition, the risks of partial FPIC, unfair governance and revenue sharing, land-grabbing, and human right