Biodiversity Offsetting
Biodiversity offsetting is a conservation approach that aims to balance the negative impacts of development projects on the environment. When a project, such as building a road or a factory, harms local ecosystems or species, developers can compensate for this damage by creating, restoring, or protecting habitats elsewhere. The goal is to ensure that the overall biodiversity remains stable or improves despite the development.
This practice involves careful planning and assessment to determine the value of the affected biodiversity. Regulatory agencies often oversee these offsets to ensure they are effective and genuinely contribute to conservation efforts. By doing so, biodiversity offsetting seeks to promote sustainable development while preserving natural habitats.