Terrasos Voluntary Biodiversity Credits — El Globo Habitat Bank (Colombia)
Colombia
Colombia's first Habitat Bank to issue tradeable Voluntary Biodiversity Credits protects 340 ha of Andean cloud forest in Támesis, Antioquia; …
India · Dehradun · See the India profile
Evidence: Descriptive / self-reported Top 90% 27/100 · Ask Evidence Copilot about this practice
India's national Green Credit Programme (Oct 2023) issues credits for restoring degraded land: by early 2025, 17 states had registered 57,700+ ha, credited only after 5 yrs at 40% canopy density — though reviewers question its methodology and its oil/coal registrants.
India's Green Credit Programme (GCP) was notified under the Environment (Protection) Act, 1986 on 12 October 2023, part of the government's Lifestyle for Environment (LiFE) initiative, with ICFRE (Dehradun) appointed as programme administrator.
Reward verified degraded-land restoration outcomes rather than planting activity alone, by tying credits to a five-year, 40%-canopy-density milestone.
Detailed methodology for the flagship tree-plantation and degraded-land-restoration component was issued in February 2024 and revised again in August 2025; entities register plantation blocks across Indian states.
By March 2024 the programme had 267 registered plantation blocks covering over 17,000 hectares; by February 2025 this had grown to more than 57,700 hectares across 17 states, led by Madhya Pradesh (15,200+ ha), Andhra Pradesh (11,361 ha), Gujarat (6,760 ha), Jharkhand (5,648 ha), Tamil Nadu (4,708 ha) and Bihar (4,108 ha). As of late 2024, 384 entities had enrolled, including 40 public-sector undertakings.
The programme's credibility is contested: oil, gas and coal companies are prominent among early registrants, and independent commentary (Mongabay-India, IMPRI, CarbonCopy) has criticised the methodology for lacking rigour and offering little clarity on credit pricing or exchange. No independently verified biodiversity or carbon outcomes have been published to date, since the first five-year credit-issuance milestones had not yet come due as of this review.
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Where this practice's information was retrieved from, and when.
Colombia
Colombia's first Habitat Bank to issue tradeable Voluntary Biodiversity Credits protects 340 ha of Andean cloud forest in Támesis, Antioquia; …
United Kingdom
Since February 2024, most development in England must deliver a measurable 10% biodiversity net gain in standardised biodiversity units — …
France
Europe's first supply-side biodiversity compensation site: CDC Biodiversité restored 357 ha of orchards to rare Crau steppic grassland (€12.5M; 2008–10). …
Australia
Largest biodiversity credit market in Australia: 381 stewardship agreements covering 109,911 ha under NSW Biodiversity Conservation Act 2016. A$467M Stewardship …
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