Marine Biodiversity Offsets
Research paper for Australia and New Zealand on how to best implement biodiversity off-sets in the marine space.
- Research would look at existing regulations, guidance and practice around terrestrial off-set programs and will engage business, government, scientific and NGO communities in the interview process.
- Guidelines for off-sets are needed as more and more projects that impact the marine environment (agriculture run-off, port development and off-shore mineral extraction) are being considered and/or approved on the basis that an off-set will be provided. With no guidelines, off-sets may not adequately compensate for damage done to the marine environment.
- Proposed guidelines would provide more certainly to project developers in the planning stage as they seek to understand best practice and the risks and costs involved in gaining approvals.