RSK Wilding

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Nature Markets and Biodiversity Offsetting: Mandatory and Voluntary Mechanisms, Biodiversity Net Gain, Market Rules including Stacking, Additionality and Double Funding, Legal and Policy Frameworks, Standards, Risks and Future Direction
PRACTICE NOTES
Nature Markets and Biodiversity Offsetting: Mandatory and Voluntary Mechanisms, Biodiversity Net Gain, Market Rules including Stacking, Additionality and Double Funding, Legal and Policy Frameworks, Standards, Risks and Future Direction
This Practice Note sets out the present landscape for biodiversity offsetting together with mandatory and voluntary nature markets. It covers what biodiversity offsetting entails, the defining features of nature markets, drivers for participants, market rules, the ‘stacking’ of multiple nature benefits, and the anticipated future direction of biodiversity offsets and nature markets. Overview What is biodiversity offsetting? Biodiversity offsetting is the means by which organisations carry out or finance environmentally restorative initiatives to balance out the harm they cause, whether directly or indirectly, to biodiversity through their operations and across their value chains. Biodiversity offsetting under planning laws Safeguarding, improving and ‘offsetting’ biodiversity effects has been entwined with the English planning system since before 2006, when the former Planning Policy Statement 9 (now incorporated into the National Planning Policy Framework) encouraged planning authorities to explore ways of maintaining, restoring or adding to networks of natural habitats and other
Environment
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