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Question
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Answer
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Timestamped Validation
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| 1
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What could a compensation mechanism like net-zero biodiversity loss mean to biodiversity?
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Although it is true that compensation mechanisms do not implicitly entail putting a price on biodiversity, the current context and the balance of power among their proponents will surely lead to the application of economic valuation of biodiversity. This has been the case in the carbon markets, forest restoration credits in Brazil and various situations at EU level. [[1]]
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| 2
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What is the justification backing compensation credits?
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There is a strong economic justification for incentives that encourage private land owners towards nature focused management of their land including payments for ecosystem services as well as confirmation of benefits of ecological restoration. The rationale behind market driven instruments for biodiversity conservation is that positive and negative impacts on biodiversity can be measured and represented as credits and debts, and as such can be integrated in economic-decision making.[2]
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| 3
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How do compensation credits work?
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A business may have to pay for regulatory mitigation of its biodiversity impact, or may wish to contribute to a voluntary net-positive impact on ecosystems thus improving its image and reputation towards its customers. Likewise, if a landowner may gain a profit from protecting or restoring a habitat, they may provide more habitat protection than they would have done without compensation.[3]
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| 4
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Describe 'Compensation credits'.
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Compensation credits is a financial tool through which compensation sites are acquired. [[4]]
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| 5
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Biodiversity Offsets vs biodiversity credits
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Biodiversity offsets are relatively common in many countries and are used to compensate for biodiversity loss with a goal to create a "no net loss", or even a net gain of biodiversity often connected to land exploitation for building, mining and other activities with negative environmental impact. Biodiversity offsets are often a legal requirement in many countries in order to obtain, for example, an exploitation permit by a state agency. Biodiversity credits, on the other hand, are not a legal requirement, and can therefore be used to describe a positive biodiversity impact resulting from a targeted action towards that purpose.[5]
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| 6
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Why NNL can't be considered a transformational solution to biodiversity loss?
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NNL is far from the transition to the transformational change that is needed to stop the loss, erosion and extinction of biodiversity.[[6]]
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| 7
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What/s the issue with offset mechanisms?
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One issue with offset activities – whether to restore degraded land or to protect existing biodiversity – is that they require vast amounts of available land even when the impact is only on a small area. [[7]]
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| 8
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What is issue with no-net-loss measurement?
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The sum of losses and gains in the theoretical scenarios gives the no-net loss result. However the theoretical scenari can never be verified. [[8]]
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| 9
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Why many countries can hardly compensate biodiversity loss?
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Because in many countries, there is simply no land available to fully compensate for the enormous losses of biodiversity expected in the future. [[9]]
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| 10
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What is the calculation behind no-net biodiversity loss?
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The gain is obtained through calculations and methodologies based on data on vegetation or species available.[[10]]
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| 11
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What is NNL (no net loss)?
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A global framework for biodiversity.[[11]]
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| 12
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What is the financial tool supporting biodiversity strategies?
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Compensation credits.[[12]]
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| 13
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Who is particularly affected by biodiversity?
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Indigenous people.[[13]]
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| 14
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Define biodiversity offset
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A mechanism to measure the outcome of biodiversity tools.[[14]]
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| 15
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What do we mean by compensation?
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A financial mechanism adopted by various governments, financial institutions, corporations as part of the mitigation strategy.[[15]]
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| 16
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Is NNL a solution to the loss of biodiversity?
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The NNL is not designed to guarantee that there will be no loss of biodiversity.[[16]]
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| 17
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What do we mean by net gain?
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Net positive impact [[17]]
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| 18
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What does NNL implicitely accepts?
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NNL implicitly accepts that the various activities with negative impacts on biodiversity will continue to be carried out. [[18]]
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| 19
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Does NNL allow destruction of biodiversity?
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NNL allows the destruction of biodiversity in one place under the assumption that biodiversity will be protected elsewhere. [[19]]
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| 20
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What is the goal of protecting an existing habitat ?
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Avoiding the loss of biodiversity.[[20]]
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| 21
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What is the fundamental criticism of compensation mechanisms?
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Biodiversity, like nature as a whole, is not a sum of units that can be exchanged among themselves.[[21]]
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| 22
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How much of the global ecosystem can be restored using compensation mechanisms?
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9 percent [[22]]
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| 23
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What is an element of complexity in land use strategies?
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The rights of Indigenous Peoples or local communities to the land or its use may be affected.[[23]]
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| 24
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Whatother dangers does Biodiversity offset entail?
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Land grabbing.[[24]]
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