Biodiversity banking, also known as biodiversity trading or conservation banking, biodiversity mitigation banks,[1] compensatory habitat,[1] set-asides,[1] biodiversity offsets,[2] are conservation activities that compensate for the loss of biodiversity with the goal of biodiversity maintenance through a framework which allows biodiversity to be reliably measured, and market based solutions applied to improving biodiversity. Biodiversity banking provides a means to place a monetary value on ecosystem services. Typically this involves land protection, restoration, and/or enhancement. Biodiversity banking is often applied so that there is no "net loss of a particular biodiversity feature."[1] According to the International Union for Conservation of Nature, by 2004, interest in voluntary biodiversity offsets was growing in the United States, Brazil, Australia, Canada and the EU. Experience suggested that industry, governments, local communities and conservation groups all benefit from biodiversity offsets or biodiversity banking.[3]
- ^ a b c d Gibbons, Philip; Lindenmayer, David (2007), "Offsets for land clearing: No net loss or the tail wagging the dog?", Ecological Management and Restoration, 8 (1): 26–31, doi:10.1111/j.1442-8903.2007.00328.x
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