Biodiversity offsetting | Wikipedia audio article
Channel: wikipedia tts
Date: 03/05/2019

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Biodiversity_offsetting


00:01:44 1 Relevant conservation activities
00:03:30 2 Receptor sites
00:05:03 3 Requirement to offset biodiversity
00:06:32 3.1 Compensatory mitigation in the US
00:07:17 3.2 Offsetting in Australia
00:07:57 3.3 Offsetting in the UK
00:10:08 4 Economic value
00:12:32 4.1 Conservation credits
00:13:35 5 Motivation
00:14:57 6 See also



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SUMMARY
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Biodiversity offsetting is a system used predominantly by  planning authorities and developers to fully compensate for biodiversity impacts associated with economic development, through the  planning process. In some circumstances, biodiversity offsets are designed to result in an overall biodiversity gain. Offsetting is generally considered the final stage in a mitigation hierarchy, whereby predicted biodiversity impacts must first be avoided, minimised and reversed by developers, before any remaining impacts are offset. The mitigation hierarchy serves to meet the environmental policy principle of "No Net Loss" of biodiversity alongside development.Individuals or companies involved in arranging biodiversity offsets will use quantitative measures to determine the amount, type and quality of habitat that is likely to be affected by a proposed project. Then, they will establish a new location or locations (often called receptor sites) where it would be possible to re-create the same amount, type and quality of habitat. The aim of biodiversity offsets is not simply to provide financial compensation for the biodiversity losses associated with development, although developers might pay financial compensation in some cases if it can be demonstrated exactly what the physical biodiversity gains achieved by that compensation will be. The type of environmental compensation provided by biodiversity offsetting is different from  similar systems in that it must show both measurable and long-term biodiversity improvements, that can be demonstrated to counteract losses.