The agreement, known as the Global Biodiversity Framework, proposed “innovative schemes” to help reach this funding target, including “biodiversity offsets and credits”. Biodiversity credits are not really that different from carbon credits. Canada-based think-thank IISD has suggested that countries negotiating debt-for-nature swaps could offer biodiversity credits to attract funding from private investors and philanthropists. WWF has refused to endorse voluntary biodiversity credits without clear safeguards against offsetting, secondary trading, abuse of Indigenous rights, and more. “Biodiversity credits are not really that different from carbon credits.” This article was originally published on Dialogue Earth under a Creative Commons licence.