What is a Unit of Nature? Measurement Challenges in the Emerging Biodiversity Credit Market

There is growing interest in developing generalisable, standardised measurements of biodiversity, in particular to help the business and financial sectors to quantify biodiversity impacts. In our recent paper, we created a framework to explain how such units are defined in the rapidly growing voluntary biodiversity credits market. In this talk, I will present this framework and use it to discuss the many measurement challenges that are faced in trying to reduce something as complex as biodiversity to a single unit, and what this might mean for biodiversity credit markets.