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
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.