Climate Action Company has created different types of Biodiversity Action Credits (CBACs), with each credit type representing its own biodiversity action. Biodiversity credits provide financial backing for conservationists and landowners who are taking action but require funding to scale up their projects. Funds go to funding for pest control; it is not a payment for a quantified increase in biodiversity. The credit focus is on the ‘doing’ rather than killing. For example, Climate Action Company quantifies hectares of habitat protected rather than number of pests killed. There are different types of biodiversity credits, with each credit type representing its own biodiversity action and having a different methodology.
90% of funds go directly to conservation action on the ground.
