Biodiversity Offset Schemes and Environmental Policies
Added on 2020-10-22
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Can Australia reduce biodiversity lossthrough the use of a biodiversityoffsetting scheme?
Table of ContentsCan Australia reduce biodiversity loss through the use of a biodiversity offsetting scheme?........1EXECUTIVE SUMMARY.............................................................................................................1INTRODUCTION...........................................................................................................................1BACKGROUND.............................................................................................................................1Current policies and procedures followed in Australia, related to biodiversity protection anduse of offsetting...........................................................................................................................2Ascertaining the effectiveness of existing schemes.....................................................................4Advantages and disadvantages linked to biodiversity offsetting schemes..................................5Alternatives schemes that can be adopted in Australia related to biodiversity...........................6Recommendations........................................................................................................................8CONCLUSION................................................................................................................................8REFERENCES..............................................................................................................................10
EXECUTIVE SUMMARYEcological balance is the main aspects that is required to be considered by the authorities.Australia have been known for its wide variety of species and hence, it is important for thecountry to adopt strategies that can help in promoting better biodiversity in the country. Thereport discussed regarding various schemes that has been introduced by Australian authorities.One of them is bio banking. It is important for the organization to ensure that proper valuation ofbiodiversity helps in creating more effective as well as efficient policy responses. It can beinclusive of market-based approaches for protection of biodiversity and its management. It hasbeen recommended in the end, that, improvement in overall design element is required to beconsidered by the team. It can help in gathering better economic valuation impact on overallfunctioning and thereby outcomes of the schemesINTRODUCTIONAustralia have been known for its rich ecological culture that helps various species to live alonger life. The report makes a comprehensive discussing regarding biodiversity and assessingthe measures that are actually used by Australian authorities so as to promote the same. Thereport also discuses regarding use of various resources that is promoted by the management thatcan ultimately help in better management of biodiversity in the country. The report then discusesthe effectiveness of existing schemes in Australia and various advantages and disadvantageslinked to biodiversity offsetting schemes adopted by the country. In the end, recommendationscan be given where methods will be discussed that can be adopted by the authorities with respectto biodiversity enhancement and management. BACKGROUNDBiodiversity generally refers to variety and variability of life that is present on earth. Ittypically means variation at the species, genetics and ecosystem levels. It has not beendistributed evenly and hence maximum of it is present in the tropics. Rapid changes beingintroduced in the environment due to global warming have been leading to bring massextinctions. There are over five billion species that have gone extinct due to constant changebeing experienced in the environment. It has been estimated that there are around 10 millionspecies that are currently existing in the environment (George and et.al., 2012). Biodiversityoffsetting is a system that is predominantly being issues by the planning authorities tocompensate the impact of economic development on biodiversity. It is a set of plans that has1
been introduced by the authorities so as to ensure that best possible planning has been initiated toget positive results on overall biodiversity. The works upon the aim where, steps are undertakento avoid, minimize and mitigate the impact that can be experienced on biodiversity due to currentongoing changes in the environment. Quantitative measures are generally adopted to ascertainthe amount, type and quality of habitat that can affected due to proposed project (Bull and et.al.,2013).Current policies and procedures followed in Australia, related to biodiversity protection and useof offsettingDue to constant extinction of various species, the authorities have opted for issuing theschemes or planning methods that can help in ensuring that biodiversity can be prevented fromany type of harm which has continuously been taking place due to ecological imbalance. Hence,offset schemes are the voluntary conversation activities that are actually designed to offsetresidua, unavoidable damages which are caused due to developmental activities. Hence, in thisscenario, additional measures are taken into consideration that can help in appropriateenvironment management (Maron, 2015). One of the scheme that has been introduced in NSW is Biobanking scheme which has beenestablished through biobank agreements between ministers and the land owners. It helps increating biodiversity credits for management actions that can further be used so as to improveand maintain the effective values of biodiversity on the biobank site. It helps in ensuring that thebiodiversity values have appropriately being followed that can result in reducing the overallnegative impact on environment. Since, it is a market-based schemes sit helps in providingstreamlined biodiversity assessment process for adequate amount of development. An important,credible and rigorous offsetting schemes is a well-prepared opportunity being made available tothe landowners (BioBanking: a market-based scheme, 2017). In order to generate income bymanaging land for overall conservation. Biobanking helps in facilitating bio credits, ion order toenhance and protect biodiversity values among people in such a manner that maximum amountof profits can be generated out of it through management of land and bio agreement being madeto them. These credits can then be initiated to sales in such a manner that funds can be generatedfor management of biodiversity. Credits can also be used for counter balance which can result inoverall development of biodiversity aspects of the country (Page and Bellotti, 2015).2
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