Considering Biodiversity for Solar and Wind Energy Investments
The Integrated Biodiversity Assessment Tool provides a mechanism for early-stage biodiversity risk screening of commercial operations. The rapid shift in energy investments from fossil fuels to renewable energy requires banks and investors to take new considerations into account to avoid unintended negative environmental impacts from their investments. The International Union on the Conservation of Nature (IUCN) - an IBAT Alliance member - has recently produced new guidelines on ‘Mitigating Biodiversity Impacts Associated with Solar and Wind Energy Development’. This briefing note complements the IUCN/TBC Guidelines and supports IBAT users to understand the potential biodiversity impacts from this fast-growing area of finance.