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"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)."
The definition also states that the goal of biodiversity offsets is to achieve no net loss of biodiversity, or ideally, a net gain. [6] No net loss (NNL) is an environmental policy approach, defined as a goal for development projects/activities and policies where impacts on biodiversity are either counterbalanced or outweighed by measures to ...
A Biodiversity Impact Credit (BIC) is a transferable biodiversity credit designed to reduce global species extinction risk. The underlying BIC metric, developed by academics working at Queen Mary University of London and Bar-Ilan University, is given by a simple formula that quantifies the positive and negative effects that interventions in nature have on the mean long-term survival ...
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 the United States government's overall policy goal regarding wetlands preservation. The goal of the policy is to balance wetland loss due to economic development with wetlands reclamation , mitigation, and restorations efforts, so that the total acreage of wetlands in the country does not decrease, but remains constant or ...
However, Salles (2011) indicated 'The total value of biodiversity is infinite, so having debate about what is the total value of nature is actually pointless because we can't live without it'. [47] As of 2012, many companies were not fully aware of the extent of their dependence and impact on ecosystems and the possible ramifications.
Alternative measures of aggregate impacts include the number of people affected, change in net primary productivity, and the number of systems undergoing change. With medium confidence, Smith et al. (2001) concluded that world gross domestic product (GDP) would change by plus or minus a few percent for a small increase in global mean ...
PD emphasized the need for development to be net nature positive, since nature had been largely ignored in sustainable or regenerative design until recently. A key feature that distinguishes the term net positive in PD from misinterpretations of the original usage is that PD separates nature restoration from nature net positive.