The latest issue of Mission Économie de la Biodiversité’s “BIODIV’2050″ (No. 6 — April 2015) is out. Among others, this includes an article on biodiversity offsets entitled “Thinking out the appropriate frameworks: biodiversity offsets and safeguards”. The article highlights the importance of strict adherence to the mitigation hierarchy (i.e. avoidance and minimization before offsetting):
“Regulations in France and in a growing number of countries stipulate that compensation must be the final step, the step taken after efforts have been made to avoid, and then reduce the impacts of a project. The first two steps are of paramount importance for two reasons:
- some impacts on biodiversity that are especially strong and are non-compensable must be strictly avoided;
- the best biodiversity offset is the one that does not take place since compensation is awarded after biodiversity has suffered substantial impact.
Furthermore, in support of the first two steps, stress was placed on the fact that compensation is more expensive than reduction and avoidance. But, respect for the whole 3-step mitigation hierarchy is very important. An actor’s lack of respect for the conditions of biodiversity offsets has a twofold effect: first, the compensation is not awarded, which means a net loss for biodiversity and, perhaps more important, second, an actor who knows that he is not going to respect his obligations and will not be forced to do so will feel encouraged to ignore avoidance and reduction.”
You can read the article and download the full issue here (open access). For more information see also the abstract and table of contents of the issue below.
Abstract of the issue
The current international situation offers us a robust, potentially promising framework that is well adapted to a variety of approaches. But due to insufficient investments and financial resources it cannot be well implemented and the Aichi biodiversity targets, that aim to put an end to biodiversity degradation by the year 2020, are still far away. The challenges and stakes of biodiversity need to be made better known and integrated at all levels. Because of this situation, business entities are in the front line. They have the technical and financial ability to contribute to this collective momentum, and their contributions may often be a source of opportunity. Furthermore, strong social demand is driving businesses – provided that a coherent framework be put in place – toward biodiversity-enhancing development.
Table of contents of the issue
The Convention on Biological Diversity: stakes, challenges and prospects stemming from the COP12
- The international community focuses on biodiversity by creating a robust yet complex mechanism
- Resources assessment and mobilization: lessons learned from COP12
Strategy for resource mobilization: stakes, challenges and the private sector’s contribution
Interview with Carlos Manuel Rodriguez — Chairman of the CBD High-Level Panel on Global Assessment of Resources — and Dr. Naoko Ishii — CEO and Chairperson of the Global Environment Facility.
How can the private sector contribute to resource mobilization to reach the Aichi targets?
- Mobilizing resources to achieve the Aichi Targets: what are the stakes?
- How does the private sector contribute to resource mobilization?
- Private sector investment for resource mobilization: barriers and drivers
The role of economic valuation of ecosystem services and biodiversity in resource mobilization and private sector involvement
Interview with Pavan Sukhdev — Fouder-CEO of GIST Advisory.
Thinking out the appropriate frameworks: biodiversity offsets and safeguards