Carbon Direct and JPMorgan Release Framework Linking Carbon Removal and Biodiversity

Carbon Direct and JPMorgan Chase have unveiled a new framework to help align carbon dioxide removal (CDR) and biodiversity goals in nature-based projects under the voluntary carbon market (VCM).

The joint report, “Optimizing for Biodiversity with Nature-Based Projects in the Voluntary Carbon Market: Principles for Pursuing Dual Outcomes,” serves as a practical guide for developers and buyers to design projects that deliver measurable benefits for both climate and ecosystems.

Drawing on data from 1,630 global VCM projects and leading registry protocols, the framework highlights biodiversity gaps in existing initiatives and offers recommendations for aligning investments, improving reporting, and ensuring scientific integrity in project claims.

The report identifies four key considerations for buyers:

• Local relevance: Biodiversity benefits vary across regions and cannot be easily compared or substituted between geographies.
• Defined outcomes: Projects should specify and monitor biodiversity gains, such as habitat conservation or restoration.
• Science-based monitoring: Measurement, monitoring, reporting, and verification (MMRV) should follow established scientific standards.
• Adaptive management: Investors should allow for adjustments to improve outcomes without compromising project integrity.

The report also notes that carbon removal and biodiversity outcomes may occur on different timelines, calling for MMRV systems that accurately capture these variations within crediting frameworks.