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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 ...
The National Environment Act 2019 requires no net loss (but preferably a net gain) as a goal for biodiversity offsets and biodiversity conservation in the country. [49] Before these legal requirements were introduced, a no net loss goal had been used by the World Bank as a lending requirement to fund a dam at Bujagali Falls in 2007. [50]
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."
They added: "We are proposing a net gain in biodiversity through tree planting and habitat creation and our plans also include significant investment in local infrastructure, including highway ...
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 ...
According to PD, the original precepts of sustainability (nature preservation and equity among current/future generations) [8] require increasing future options. [9] This, in turn, requires that development increase the social and natural life support systems. [10]
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]
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 ...