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Biodiversity Metric 4.0 was launched by Defra and Natural England in March 2023 to measure Biodiversity Net Gain. [69] A Statutory Biodiversity Metric was later introduced as part of the Environment Act as the legally mandated metric for use under the biodiversity net gain policy.
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)."
Policies for environment, food and rural affairs are delivered in the regions by Defra's executive agencies and delivery bodies, in particular Natural England, the Rural Payments Agency, Animal Health and the Marine Management Organisation. Defra provides grant aid to the following flood and coastal erosion risk management operating authorities:
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The failure to halt terrestrial biodiversity loss between 2000 and 2010 was estimated to cost the global economy $500 billion. [55] Continued biodiversity loss and environmental degradation poses a long-term risk to society and the economy, such as by increasing the risk of pandemics, floods, and droughts. [65]
Nature-positive is a concept and goal to halt and reverse nature loss by 2030, and to achieve full nature recovery by 2050. [1] According to the World Wide Fund for Nature, the aim is to achieve this through "measurable gains in the health, abundance, diversity, and resilience of species, ecosystems, and natural processes."
Essential Biodiversity Variables (EBVs) is a putative set of parameters intended to be the minimum set of broadly agreed upon necessary and sufficient biodiversity variables for at least national to global monitoring, researching, and forecasting of biodiversity. [1]