Martin Fallding has published a paper entitled “Biodiversity offsets: Practice and promise” in Environmental and Planning Law Journal (Volume 31 Part 1, 2014). He examines offsets form a Australian perspective, looking at policy and practice especially in the state of New South Wales. Read more on the Journal website (pay-walled). You may also access the full paper here or find a pdf following: Biodiversity offsets_practice and promise For more information see also a related presentation and the abstract below.
Biodiversity offsets are a tool to compensate for biodiversity losses, and to protect and maintain biodiversity values in alternative locations. Offsets normally apply where biodiversity loss cannot be avoided, mitigated or minimised in development proposals, and represent an often controversial decision-making innovation at the intersection of science, law, politics and economics. Biodiversity conservation underpins ecologically sustainable development and has become an important consideration in land-use planning. This article outlines what offsets are, how they work, and identifies issues for their application into the future. It provides background on how offsets have evolved and reviews policy and practice in Australia, especially in New South Wales. Biodiversity offsetting practice across Australia is inconsistent, complex and confusing. The article discusses the application of offset principles, legislative and policy frameworks, and links to land-use planning processes. Improvements to current offsetting approaches are also suggested.