Locking in loss: Baselines of decline in Australian biodiversity offset policies
Biodiversity offset trades usually aim to achieve 'no net loss' of biodiversity. But the question remains: no net loss compared to what? Determining whether an offset can compensate for a given impact requires assumptions about the counterfactual scenario-that which would have happened without the offset-against which the gain at an offset site can be estimated. Where this counterfactual scenario, or 'crediting baseline', assumes a future trajectory of biodiversity decline, the intended net...[Show more]
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