What makes a bank a bank? Differences and commonalities in credit calculation, application, and risks in mitigation banks targeting freshwater systems

Research Square (Research Square), Journal Year: 2023, Volume and Issue: unknown

Published: Aug. 9, 2023

Abstract Mitigation banking is part of the ever-expanding global environmental market framework that aims to balance negative approved anthropogenic impacts versus third-party provided ecosystem benefits, sold in form credits. Given need conserve freshwater biodiversity and habitat, has received great traction systems. While extensive reviews studies have been conducted on evaluating if equivalency between offset can be achieved, there almost no research being done way credits are generated. Synthesizing data through cluster analyses from 26 banks United States generating for species systems, we show two dominant approaches: removing barriers targeting whole communities. Both address crucial conservation needs but come with their risks caveats. Using common characteristics management practices within these groups, showcase conclude credit generation via barrier removal at risk granting too large an area, leading over-crediting. Banks communities accounting landscape-level interactions influences potentially detrimental individual level large-scale availability as well transfer incentivize non-compliance mitigation hierarchy.

Language: Английский

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Regulation, the Hybrid Market, and Species Conservation – The Case of Conservation Banking in California

Research Square (Research Square), Journal Year: 2022, Volume and Issue: unknown

Published: May 9, 2022

Abstract Conservation Banking in California is a long-established offset program. Banks are hybrid instruments that hover between market autonomy and regulatory oversight. Challenges may affect program success include aligning regulation with the scales objectives of conservation interaction other compensation instruments. I use an analytical framework combining social-ecological fit (does spatial, functional, temporal or conservation?) instrument (are redundant, synergetic, etc.?) to analyze institutional banking Results show fails reflect species objectives, creating mismatch. The disincentivizes banking, while its conserving cannot be measured. Competing redundant can lead weaker compensation. needs equal standards for all Findings on useful programs, considerations could improve offsets anywhere.

Language: Английский

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Os impactos e compensações em projetos de mineração: caminho positivo para biodiversidade e serviços ecossistêmicos.

Published: Dec. 5, 2022

Impacts of development projects on ecosystems high biodiversity value should be assessed by applying the mitigation hierarchy, whose last stage is offsetting.This research developed a framework for planning and evaluating measures to offset losses ecosystem services, based principles criteria aligned with international best practice recommendations.The equivalence, additionality permanence were applied evaluate offsets used in an iron ore mining project called Minas-Rio, located Southeastern Brazil.Based document review spatial analysis, including use landscape metrics, it was found that implementation caused loss 1,605.25 hectares forests 332 grasslands; 79 caves, which resulted 3,269.98 offsets, 45.4% restoration 54.6% protection areas already had or grasslands.It if carefully planned, have potential balance result net positive impact.However, part gains are only consolidated after long time span, lag between gains.The metrics assess compensation measuresindex largest fragment core area (edge effect) -showed connectivity forest fragments increased as location areas.The analysis scenario 30 years indicates promote increasing functional connectivity. strategies ensure -essentially creation private protected management these -, financial guarantees cover maintenance costs mine closure lacking.In terms offsetting impacts both other assessed, concluding dedicated impactsparticularly water -has can certain those integrated offsets.However, specific targeted at services needed.Actions such conducting ex-ante integrating mitigate social stakeholder engagement needed simultaneously services.Achieving impact process requires sustained efforts demonstrable over term.It therefore necessary periodically results actions, sound theoretical design well-structured monitoring programmes.

Language: Английский

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