CHANGES announced to biodiversity offsets policy for major state projects include allowing landholders to be paid for managing biodiversity or biobanking their land and not requiring 'like-for-like' offsets if they are not available.
The English Government in partnership with BBOP is holding a 2 day biodiversity offsetting workshop for representatives of mining, finance, corporate, NGO, international agency and research sectors. It signals a real intensification of global policy efforts, championed by the UK government, to roll out biodiversity offsetting around the world. You are invited to our counter forum, join us!
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Miners and other developers of major projects which cause environmental damage will find it easier to gain approval under a state government policy which gives them greater flexibility to offset the impacts.
Carlos Ferreira's insight:
The danger with biodiversity offsetting: a perception that it is a way around planning regulations.