Governments look almost certain to miss nearly all of the targets – potentially continuing the record of never having met a single UN target on nature since the biodiversity convention was created in 1992. UK is on track to meet just 3 of the 23 targets by the end of the decade. #biodiversityloss

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3. Biodiversity offsets and credits will not generate significant or reliable revenues for Global South countries Link: link: greenfinanceobservatory.org/wp-content/u... 3/3

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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

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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

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The Leaders’ Summit on Biodiversity adopts the Yerevan Declaration: Taking Action for Nature, to reaffirm global commitments and call for a clear pathway to accelerate implementation of the Kunming-Montreal Global Biodiversity Framework #KMGBF #COP17Armenia @unbiodiversity.bsky.social

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