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Biodiversity offsetting has been formally implemented into the planning process in England through the introduction of Biodiversity Net Gain (BNG) on February 12, 2024 under the Environment Act 2021 through modification to the Town and Country Planning Act. BNG is England’s domestic ecological compensation policy, designed to compensate for ...
Biodiversity banks and the credits that are generated from them rely on regulations and legal frameworks. When establishing a biodiversity bank, a legal arrangement, such as a conservation easement (also known as a conservation covenant) might be required to set aside the land for conservation and prevent the use of the land for development, either in perpetuity or for a specified time period ...
"No net loss" is defined by the International Finance Corporation as "the point at which the project-related impacts on biodiversity are balanced by measures taken to avoid and minimize the project's impacts, to understand on site restoration and finally to offset significant residual impacts, if any, on an appropriate geographic scale (e.g local, landscape-level, national, regional)."
For example, England's Biodiversity Net Gain policy requires that developers purchase biodiversity credits from the government if they are unable to achieve a 10% gain in biodiversity by creating or enhancing habitat on their development site. [44] Some entities might also purchase credits form these systems voluntarily. [45]
Dredging contaminated sediment in New Bedford Harbor, Massachusetts. The harbor is contaminated with polychlorinated biphenyls (PCBs).. Environmental remediation is the cleanup of hazardous substances dealing with the removal, treatment and containment of pollution or contaminants from environmental media such as soil, groundwater, sediment. [1]
Environmental (Impact Assessment and Audit) Regulations, 2003; Environmental Management and Co-ordination (Conservation of Biological Diversity and Resources, Access to Genetic Resources and Benefit Sharing) Regulations, 2006; Environmental Management and Co-ordination (Controlled Substances) Regulations 2007
This is a list of international environmental agreements.. Most of the following agreements are legally binding for countries that have formally ratified them. Some, such as the Kyoto Protocol, differentiate between types of countries and each nation's respective responsibilities under the agreement.