The 24-page report includes sections on: biodiversity offsets and the financial sector; and the business case for banks.
According to the report the current global annual biodiversity market size is between US$2.4-4.0 billion, and is primarily driven by offset programmes in the US that operate through wetland banking and species or conservation banking.
August 2012: The UN Environment Programme has released a report, titled “Biodiversity Offsets: Voluntary and Compliance Regimes,” which reviews existing biodiversity offset schemes and initiatives. It also appraises the opportunities and risks of using biodiversity offsets to businesses, and provides guidance for financial institutions.
The 24-page report includes sections on biodiversity offsets and the financial sector, and the business case for banks. According to the report, the current global annual biodiversity market size is between US$2.4-4.0 billion, and is primarily driven by offset programmes in the US that operate through wetland banking and species or conservation banking.
The report highlights challenges and difficulties facing business aiming to use biodiversity offsets including reputation problems related to poor outcomes and metrics, issues of design, costs and timing, and application needs for different business clients. [Biodiversity Offsets: Voluntary and Compliance Regimes]