SHORT INFO: Biodiversity offsets accounting system in New Zealand

What’s it about in short: web­site pre­sent­ing the New Zealand account­ing sys­tem for bio­di­ver­sity off­sets (includ­ing guid­ance documents)

When was it released: -

By whom: New Zealand Depart­ment of Conservation

More info:

Short extract:

Bio­di­ver­sity losses and gains in an account­ing system

Demon­strat­ing no net loss involves mea­sur­ing bio­di­ver­sity at matched impact and off­set sites and then bal­anc­ing pre­dicted losses with antic­i­pated gains at an off­set site. No net loss is demon­strated when the losses and gains match, and a net gain is demon­strated when bio­di­ver­sity gains exceed those lost.

Because bio­di­ver­sity off­sets are based on a cal­cu­la­tion of bio­di­ver­sity losses and gains, it is not pos­si­ble to demon­strate that gains match (ie, no net loss can be achieved), or exceed losses with­out this explicit cal­cu­la­tion. This cal­cu­la­tion requires an account­ing sys­tem in which the losses and gains are com­pared and bal­anced. This means that a bio­di­ver­sity off­set con­sis­tent with the Guid­ance on Good Prac­tice Bio­di­ver­sity Off­set­ting in New Zealand must demon­strate a trans­par­ent account­ing process.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>