# Time

**It is critical that when understanding the Time of this unit, readers realize that time for a&#x20;*****unit*****, is not the same as time for a&#x20;*****monitoring period*****.**&#x20;

For instance, if you purchase a lollypop for $1, you can pay a $1 bill, or four $0.25c coins and it will be *the same transaction*. Units are about the standard "size" of the currency, not the value of the transaction. So a 20-year restoration methodology might only deliver results after a monitoring period of 1-2 years, and with this unit would issue *12 units per year*. We are paying in smaller "coins" for several very sound reasons outlined below, not changing the total "price" of the transaction.&#x20;

### Why one month?&#x20;

**Time** is always 1 month. This time period was chosen *only* for intuitive sensibility and pricing and market adoption of VBCs at the time of unit release based on pilot data, adopting entities, and early market signals.&#x20;

* Conservation credits of 1 year \~$30 were less desirable to buyers than credits of 1 month at \~$2.50 which was closer to market pricing for carbon commodities ($1-7).&#x20;
* A month makes intuitive sense to people when looking at shorter units.&#x20;
* Shorter time scales allow for biodiversity fluctuations, and account for ongoing predation, and trafficking of rare species within the 1-year monitoring periods. It captures granular reporting for restoration integrity increases.&#x20;

<figure><img src="https://2055272986-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fkf6maUVyWIHELE0GGRSJ%2Fuploads%2Fb238eXvDQouD4vTuRoCK%2FVoluntary%20Biodiversity%20Credit_%20Calculations%20(1).png?alt=media&#x26;token=4ebf1440-53c6-45fe-b089-1a9957418df1" alt=""><figcaption><p>Biodiversity unit Time unit based on market pricing - Ecological Benefits Framework</p></figcaption></figure>

There are some benefits to more granular crediting in some conservation projects.&#x20;

* IP and LC experts working on Savimbo's [indicator-species conservation methodology](https://isbm.savimbo.com) felt 1 year was too long to accurately reflect conservation outcomes in monitoring sites without tagged animals as a jaguar could be killed for its teeth immediately after observation in month 1 of a 12-month crediting cycle. &#x20;
* 2 month crediting periods followed optimum hunter-gatherer tracking activities. Allowing for rest periods and scouting for indicator species, yet delivering clear signals for species that had relocated or disappeared.&#x20;

### Longer-term projects

Restoration projects will most likely require twenty-year commitments with minimum 5-year action crediting. This does not affect the Time unit in the *slightest*.&#x20;

<figure><img src="https://2055272986-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fkf6maUVyWIHELE0GGRSJ%2Fuploads%2FJci1ldbHrNIX293fP3wu%2FVoluntary%20Biodiversity%20Credit_%20Calculations%20(2).png?alt=media&#x26;token=3af8ef34-e6dd-4f94-abea-0a8036492379" alt=""><figcaption><p>Monitoring vs unit time - Ecological Benefits Framework</p></figcaption></figure>
