Forest Trends' Ecosystem Marketplace is pleased to announce the release of a new report, the State of Biodiversity Mitigation 2017: Markets and Compensation for Global Infrastructure Development.
Rapidly growing demand for new and upgraded infrastructure which will drive an estimated $90 trillion in investments between 2015 and 2030 has the potential to drive unprecedented habitat loss and fragmentation worldwide. Traditional conservation strategies, such as protected areas where development activities are not permitted, are struggling to keep pace with threats from this growth.
The State of Biodiversity Mitigation 2017 provides a global benchmark of innovative policy frameworks and market mechanisms using offsets and compensation that require developers from the outset to avoid, minimize, and rehabilitate these effects, and then offset or compensate for any remaining negative impacts. It shows how smart mitigation policies can leverage new financial resources and momentum in pursuit of no net loss and preferably net gain of biodiversity.
Please join us for a webinar on December 11th at 12:00 EST/17:00 GMT.
Well explore report findings and reflect on them with the help of an expert panel.
Key findings include:
- An estimated $4.8B in mitigation bank credits and financial compensation was transacted in 2016 through compensatory mitigation. Today, 99 regulatory programs in 33 countries use mitigation-based approaches to achieve biodiversity conservation goals.
- The energy, transportation, and mining/minerals sectors were responsible for more than 97% of offsets and compensation measured by cumulative land area under management.
- Regulators in many countries, including the United States and Australia, have made significant progress in recent years in terms of transparency at least when it comes to third-party mitigation. However, permittee-responsible offsets, which are carried out by developers themselves and comprise the lion's share of mitigation activity globally, have not been part of this progress.
This report serves as a useful benchmark to monitor future growth and activity, and suggests offsettings promise as well as its practical challenges. Biodiversity loss is too serious a challenge not to employ all tools available to us: we are, after all, living through the biggest building spree in human history. Thoughtfully designed biodiversity mitigation policies, backed by strong enforcement, can improve ecological outcomes from infrastructure development, increase regulatory certainty, speed up the pace of planning and permitting, and set the stage for a restoration economy generating billions in direct revenues to land managers and billions more in indirect economic benefits.
We would like to thank our supporter, the Good Energies Foundation, and sponsors WRA, CIM, and the National Mitigation and Ecosystem Banking Conference for making this report possible.