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Amazon rainforest’s rich biodiversity opens opportunity for expansion of biodiversity credits. (Photo: iStock)
Belém, located on the edge of Brazil’s Amazon rainforest, will host the COP30 this November, thrusting biodiversity into the international spotlight. The World Economic Forum (WEF) launched the Biodiversity Credits Initiative in 2022, aiming to stimulate investment through market-based mechanisms. But how has this emerging market evolved since then and what risks does it entail?
