Biodiversity Offsets Financing Nature-Based Solutions

Robert C. Brears ()
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Robert C. Brears: Our Future Water

Chapter Chapter 8 in Financing Nature-Based Solutions, 2022, pp 161-185 from Palgrave Macmillan

Abstract: Abstract Biodiversity offsets are actions that seek to counterbalance the unavoidable impacts of development activities, whether public or private sector-led, on biodiversity by enhancing the state of biodiversity in another location by securing or setting aside land or water areas for conservation, enhancing the management of habitats or species, and other defined conservation activities. In the context of nature-based solutions, they can be used to create, expand, or buffer existing protected areas, enhance, link, or restore habitats, and protect or manage species of conservation interest. This chapter will first discuss the concept of biodiversity offsets and how they are often referred to within the mitigation hierarchy. The chapter will then discuss principles to ensure biodiversity offsets are used appropriately and no net loss is achieved. Following this, the chapter will review how biodiversity offsets can be implemented in a regulatory context. Finally, the chapter will provide a framework for ensuring biodiversity offsets, whether for a public or private sector development project, are successful.

Keywords: Biodiversity offsets; Mitigation hierarchy; Conservation banks (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psifcp:978-3-030-93325-8_8

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DOI: 10.1007/978-3-030-93325-8_8

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