A smart market is being designed for the New South Wales Government’s Biodiversity Offset Scheme.
The Biodiversity Offsets Scheme creates a transparent, consistent and scientifically based approach to biodiversity assessment and offsetting for all types of development that are likely to have a significant impact on biodiversity.
It also establishes biodiversity stewardship agreements, which are voluntary in-perpetuity agreements entered into by landholders, to secure offset sites.
The CMD is working on the design of a smart market for the New South Wales Government’s (Office of Environment and Heritage) Biodiversity Offset Scheme.
This market will facilitate efficient and effective transactions between developers willing to pay for biodiversity offset credits and landholders able to produce the offset needed.