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| Content Provider | Springer Nature Link |
|---|---|
| Author | Overton, Jacob McC. Stephens, R. T. Theo Ferrier, Simon |
| Copyright Year | 2012 |
| Abstract | There is an urgent need to develop sound theory and practice for biodiversity offsets to provide a better basis for offset multipliers, to improve accounting for time delays in offset repayments, and to develop a common framework for evaluating in-kind and out-of-kind offsets. Here, we apply concepts and measures from systematic conservation planning and financial accounting to provide a basis for determining equity across type (of biodiversity), space, and time. We introduce net present biodiversity value (NPBV) as a theoretical and practical measure for defining the offset required to achieve no-net-loss. For evaluating equity in type and space we use measures of biodiversity value from systematic conservation planning. Time discount rates are used to address risk of non-repayment, and loss of utility. We illustrate these concepts and measures with two examples of biodiversity impact–offset transactions. Considerable further work is required to understand the characteristics of these approaches. |
| Starting Page | 100 |
| Ending Page | 110 |
| Page Count | 11 |
| File Format | |
| ISSN | 00447447 |
| Journal | AMBIO |
| Volume Number | 42 |
| Issue Number | 1 |
| e-ISSN | 16547209 |
| Language | English |
| Publisher | Springer Netherlands |
| Publisher Date | 2012-09-06 |
| Publisher Place | Dordrecht |
| Access Restriction | One Nation One Subscription (ONOS) |
| Subject Keyword | Net present value Conservation planning Time discounting Benefit functions No-net-loss Environment Ecology Meteorology/Climatology Physical Geography Environmental Management Environmental Engineering/Biotechnology |
| Content Type | Text |
| Resource Type | Article |
| Subject | Geography, Planning and Development Ecology Environmental Chemistry Medicine |
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