Offsets are meant to restore land elsewhere to make up for lost habitat. Developers can make payments to the state to cover the costs of this work, but a new study finds there’s usually a shortfall.
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Offering ‘carrots’ like biodiversity credits to landholders won’t stop natural collapse. Banning land clearing and stronger environmental laws are much more likely to work.
Biodiversity market schemes can help – but they are not a silver bullet, and can be gamed if poorly designed.
