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Speciesbanking.com is a global information clearinghouse for biodiversity offsetting, compensation and offset banking. Until now, there has been no centralized information resource to reliably serve the policy makers, investors, buyers, sellers, and other participants in these biodiversity markets. We aim to provide a comprehensive answer to the question ‘What is happening in biodiversity offset and compensation programs around the world?’ By filling this critical information gap we hope to enable more efficient, transparent, and equitable conservation markets to develop.
SpeciesBanking.com provides information at two levels: at the Program level and at the level of individual biodiversity Banks.
Speciesbanking.com will serve as a platform to enable all biodiversity market participants to make more informed decisions, learn from the experiences of others, and ultimately allow stable, equitable and effective conservation markets to develop. Policy-makers and regulators can compare information on a variety of programs across the globe, and academics and others can monitor and analyze industry trends.
This site also serves as a platform for biodiversity bank owners to publicize credit availability, credit buyers to find solutions to their mitigation needs, and prospective bank developers to research current market conditions. A comprehensive and current listing of banks and their credit information allows buyers and sellers to conduct transactions at a reduced cost. And our independent analysis and reporting let market participants to stay on top of industry developments and learn from the experiences of others. The ultimate goal of speciesbanking.com is to facilitate biodiversity offsets, compensation, and banking as an effective tool for the conservation of threatened and endangered species and their habitat.
Speciesbanking.com initially focused on conservation banking of endangered species in the United States. As initiatives have developed in other countries, we have expanded our coverage to include these programs and provide insights for all involved.
While we've striven to make this site as accurate as possible, we are aware that there may be corrections or edits necessary in regards to program and bank information. We hope our readers will contribute to increased transparency by contacting us at info[at]speciesbanking.com.
Speciesbanking.com was created by the Ecosystem Marketplace, a project of Forest Trends. Ecosystem Marketplace is a leading source of news, data, and analytics on markets and payments for ecosystem services (such as water quality, carbon sequestration, and biodiversity). We believe that by making accessible information on policy, finance, regulation, science, business, and other market-relevant factors, markets for ecosystem services will one day become a fundamental part of our economic system, helping give value to environmental services that, for too long, have been taken for granted. In providing free reliable market information, we hope not only to facilitate transactions (thereby lowering transaction costs), but also to catalyze new thinking, spur the development of new markets and the infrastructure that supports them, and achieve effective and equitable nature conservation.
Markets depend on transparent and reliable information to function. What is true for investors on Wall Street is equally true for environmental market players trading in carbon, water quality, and biodiversity.
Unfortunately, obtaining information for these markets can sometimes be exceedingly difficult. In many ways they resemble the Wall Street of the 1800s – with information closely guarded by those who profit from it – rather than the stock markets of today. But markets grow and evolve, and they do so, in part, because of the transformative power of reliable and transparent information. Providing such information is the role of Ecosystem Marketplace.
Biodiversity offset - Biodiversity offsets are measurable conservation outcomes resulting from actions designed to compensate for significant residual adverse biodiversity impacts arising from project development after appropriate prevention and mitigation measures have been taken. The goal of biodiversity offsets is to achieve no net loss and preferably a net gain of biodiversity on the ground with respect to species composition, habitat structure and ecosystem function and people’s use and cultural values associated with biodiversity.
Compensation - in general, a recompense for some loss or service, and is something which constitutes an equivalent to make good the lack or variation of something else. It can involve something (such as money) given or received as payment or reparation (as for a service or loss or injury). Specifically, in terms of biodiversity, compensation involves measures to restore, create, enhance, or avoid loss or degradation of a community type, in order to compensate for residual impacts on it and / or its associated species. We use the term compensation fund to indicate a third-party mechanism that collects and administers fees from developers to offset their impacts to biodiversity. The money may go directly towards compensating biodiversity loss, or to more indirect biodiversity-related projects (i.e. funding protected area management, research).
Banking - indicates a system that allows restoration, establishment, enhancement and/or preservation of resources (e.g., wetlands, species, native vegetation) for the purpose of providing compensatory mitigation for impacts to biodiversity. In general, a banking system allows a bank owner to sell compensatory mitigation credits to developers whose obligation to provide compensatory mitigation is then transferred to the mitigation bank sponsor.
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Email: info (at) speciesbanking.com