FAQs and Glossary
List of available Seabed and Foreshore Questions
Offsetting
- Biodiversity Offsetting refers to conservation actions that aim to deliver biodiversity benefits to compensate for loss, such as unavoidable damages to natural capital from development.
- Environmental Offsetting is any intervention intended to counterbalance adverse environmental impacts like discharges or emissions to compensate for significant (actual or anticipated) changes that are a direct result of resource exploitation. A typical example is land-use exchange, where one location is sacrificed for development and substituted by another with certain protections.
