Institutional frameworks for biodiversity offsets

This chapter examines the institutional drivers that cause development firms to implement biodiversity offsets. Developers may undertake offsets to comply with a jurisdiction’s legislation, as a condition of project lending approval or as part of a voluntary corporate risk management strategy. The institutional frameworks that facilitate biodiversity offsets affect outcomes in each of the environmental, economic and distributional domains. The chapter concludes by contrasting the characteristic outcomes from implementing biodiversity offsets under different institutional frameworks.