Marine biodiversity offsets
Biodiversity offsets compensate for the negative impacts of development that remain after full application of the mitigation hierarchy. While offsetting for impacts on a marine habitat shares many characteristics of the approach for terrestrial offsets, the high connectivity and relative lack of information regarding marine ecosystems represents both risks and opportunities.
To date, marine offsets have seen limited application, and they are often perceived to be difficult or complex. In this succinct Industry Briefing Note, we discuss why this is not necessarily the case and explore both the commonalities and differences, as well as the opportunities and future of marine offsets.
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