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Biodiversity offsets
Fichas del conjunto (9)
- 1BiodiversityBiodiversity is the genetic diversity within species, species diversity within ecosystems, and ecosystem diversity across landscapes
- 2Biodiversity offsettingBiodiversity offsetting refers to market-based schemes designed to compensate for losses of biodiversity due to development projects.
Offsets aim to compensate for residual biodiversity loss incurred by development projects by maintaining an equivalent amount of biodiversity elsewhere that would otherwise be lost, or by enhancing biodiversity at an alternate location - 33 facts about biodiversity loss1. Species are currently being lost up to 10,000 times faster than the natural rate of extinction.
2. The major cause of this relatively recent trend is the alteration, fragmentation and destruction of habitats caused by human activities, including agriculture, forestry, transport, industry and housing.
3. The annual economic cost of global biodiversity and ecosystem degradation is currently estimated to be £1.28-2.88 trillion, or around 7.5% of global GDP, and is likely to remain at that level through 2050 unless appropriate action is taken - 4Potential benefits biodiversity offsetsImproved clarity for developers
Removal of developer’s long-term liability for damage to biodiversity
Taken on by a third party organisation (habitat banking)
Places value on nature, introducing incentives for conservation
Increased reliability of long-term conservation projects
Flexibility to ‘trade up’ and create larger conservation networks
Improved conservation awareness amongst developers
Diversified income streams for landowners
Strengthened conservation partnerships
Enhanced public support for conservation. - 5Mitigation HierarchySystematic approach to addressing environmental impacts and its potential compensation:
1. Avoid impacts
2. Minimize impacts
3.Rehabilitate/restore
4. Offset unavoidable impacts - 6Good practices for offsets1. Implemented to produced no net loss; be equitable andplanned to secure results in long term, preferible in perpetuity; and in a landscape context, taking into account biological, social and cultural values.
2. Produce additional outcomes that wouldn't have occured otherwise
3. Used just before impacts have been avoided, minimized and biodiversity restore on-side
4.-Recognise limits of what can be offset
5. Involvement of stakeholders
6. Transparency and communication of results to the public
7. Use scientific methodology in design. - 7Methods of execution for diversity offsets1. Developer or its parnerts (NGO) implement the offset.
2. The developer pays the government the amount needed to implement the offset instead of implementation itself
3. The developer buys ‘credits’ from a landowner or conservation bank sufficient to offset its impacts - 8Payments for ecosystem services (PES)A voluntary transaction where a well-defined ES (or land-use likely to secure that service) is being "bought" by a ES buyer from a ES provider, if and only if the ES provider secures the ES provision (conditionality)
- 9PES principles1. Voluntary
2.Beneficiary pays
3.Direct (payments made directly to ES providers)
4. Additionality
5. Conditionality
6. Ensuring permanece
7. Avoiding leakage
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- Descripción
- Valuation Fichas sobre Biodiversity offsets, creado por V N el 21/03/2017.
- Creado por
- V N
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