New Approaches to Conservation Law
New Horizons in Environmental and Energy Law series
Biodiversity offsetting involves allowing development causing biodiversity loss to proceed in one place so long as biodiversity gains are achieved elsewhere to ensure no net loss of biodiversity. In designing such schemes, attention has to be paid to the major challenges of identifying and valuing what constitutes a biodiversity gain and ensuring that it can and will be delivered, despite the practical difficulties and uncertainties shown by ecological practice. The arrangements for an offset can involve several parties who must be assured that each will comply with their obligations, requiring a network of legal relationships involving legal, financial and operational responsibilities. Schemes in operation in various jurisdictions offer examples of how such issues can be tackled, as well as demonstrating bio-banking schemes, whereby those seeking to provide a biodiversity gain to offset some harmful activity can do so by contributing to an existing conservation programme, which can benefit by being financed by this source of income.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.