Written by
Danny ChenIn order to create positive biodiversity outcome, stakeholders have committed various resources, time and money into the project development.
How could we safeguard the positive biodiversity outcome over its lifetime?
To ensure the highest success rate of the net biodiversity outcomes, a project must meet 3 requirements.
The minimum project longevity is 40 years with outcomes monitoring.
The root cause of biodiversity loss: Continue assess and monitor drivers of biodiversity loss through out the whole project’s lifetime.
The shared buffer pool: Retain 20% of the nature credits in each monitoring period that is expected to cover potential biodiversity loss in the future.
The safeguard practice will be the first line of protection when natural disasters such as forest fires, flooding, or tsunamis destroy all the previous hard work.
Nonetheless, as the extreme weather events increases as global temperature rises, we could see more and more startups and businesses provide advanced project insurance for both buyers and developers.
