Biodiversity Offsets
Biodiversity offsets are conservation measures designed to compensate for the loss of biodiversity caused by development projects, such as construction or mining. When a project negatively impacts ecosystems or species, developers can create, restore, or enhance habitats elsewhere to balance the environmental damage. This approach aims to ensure that the overall biodiversity remains stable or improves despite the development.
These offsets are often guided by regulations and frameworks that require developers to assess their impact on local ecosystems. By investing in conservation efforts, such as protecting endangered species or restoring wetlands, companies can fulfill their environmental responsibilities while continuing their projects.