Biodiversity Credits: Solution or Empty Promise for Latin America?

MEXICO CITY, Aug 28 2023 (IPS) – Located in northwestern Colombia, the Bosque de Niebla is home to 154 species of plants, 120 bird species, 21 species of mammals, 16 water springs and five hectares of wetlands.

Forming part of the Cuchilla Jardín-Támesis Integrated Management District in the department of Antioquia, the ecosystem provides water and climate regulation to the entire northwestern region of the country.

For this reason, an innovative financing scheme, biodiversity bonds, seeks to strengthen the protection of this area for 30 years, in the face of threats such as deforestation, drought and rising temperatures due to the climate crisis.