Biodiversity banking, also known as biodiversity trading, conservation banking, mitigation banking, habitat banking, compensatory habitat, or set-asides, describes a market-based framework for biodiversity offsetting where offsets can be traded in the form of credits to offset negative environmental impacts of development projects or activities. This involves biodiversity banks, areas with biodiversity value.
Biodiversity banking, also known as biodiversity trading, conservation banking, mitigation banking, habitat banking, compensatory habitat, or set-asides, describes a market-based framework for biodiversity offsetting where offsets can be traded in the form of credits to offset negative environmental impacts of development projects or activities. This involves biodiversity banks, areas with biodiversity value.
Source: Wikipedia "Biodiversity banking" · CC BY-SA 4.0
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