Published on February 19, 2014
Biodiversity Offsets in Canada Conference Biodiversity offsetting in Victoria Michael Crowe February 2014
Native Vegetation Controls Year: 1788 to 2012
Evolution of Offsetting in Victoria 1989 – Initial regulation of native vegetation clearing • an end to large scale clearing However offsetting was sporadic and not codified 1998 - Biodiversity mapping • Extant vegetation, 1750 vegetation, bioregions, threatened species Provided state-wide information base 2002 - Policy - the Native Vegetation Management Framework • No net loss, like-for-like, metrics ….. However developers found it hard to find their offsets 2007 – Offset market based on credit trading • Third party suppliers, brokers, credit register 2013 – Some policy amendments and technical improvements
The Regulation Regulation of native vegetation clearing: • A planning permit required to clear native vegetation • Assessment of permit applications based on the biodiversity significance of the impact • Applications must demonstrate ‘avoid’ and ‘minimise’ steps of the mitigation hierarchy • The permit (if granted) requires an offset
Offset policy in Victoria - 2002 The nature and size of the offset was set by Native Vegetation Management Framework policy (statutory document): – Avoid, minimise, offset – No Net Loss – Quality/area metric - habitat hectares – Offsets to be secure and ongoing – Additionality – Like for like rules – Biodiversity importance
No net loss – quality is important
Measuring site quality – 10 attributes in habitat hectares reduced cover of trees reduced recruitment reduced understorey diversity increased cover of weeds Habitat score = 0.50
Increased quality at the offset site tree canopy cover size & connectivity of the patch large old trees understorey diversity recruitment of young trees logs & organic litter Habitat score = 0.90
Estimating Gain Total gain = area x quality increment/ha • Improvement gain Increments in quality attribute scores resulting from restoration actions (eg revegetation) • Management gain Increments in quality attribute scores resulting from actions to control threatening processes (eg pest & weed control) • Security gain Increments in overall quality score depending on the changes in land use (eg establish protected areas) • Gain scoring includes rules for additionality
Secure and ongoing • The landowner agreement – private land − permanent statutory contract − binds future landowners – on title − actions and commitments in the management plan − reporting and monitoring • Land surrender − private land donated to a permanent protected area • Upgrade to Protected Area − government re-classifies public land to higher security category through legislation
The offsetting process - summary Developers Developers required to provide offsets • first party • third party (market) Loss site assessment, Permit application Local Government Determine small impacts Refer large impacts to State Government Permit may be granted Permit includes offset conditions – offset plan
BushBroker price history Offset market Bioregion Number of Agreements credit prices Total number of Habitat Hectares Average price per Habitat Hectare * (of total Agreements) Habitat Hectare price range * (more than 80% of Agreements) Central Victorian Uplands 8 10 $110,000 $46,000 - $143,000 Gippsland Plain 21 29 $149,000 $85,000 - $250,000 Goldfields 39 38 $45,000 $25,000 - $66,000 Victorian Riverina 10 11 $101,000 $80,000 - $110,000 Victorian Volcanic Plain 29 54 $170,000 HighlandsSouthern Fall 14 74 $34,000 Other bioregions 11 25 $370,000 • $20,000 - $38,000 $206,000 $380,000 Third party offsets estimated 25-50% savings over first party • $49,000 $267,000 Estimated market turnover up to $100m Prices vary by bioregion, EVC, location, rarity, demand and urgency of developer, landowner needs. Also initial trade, small or large trades
2013 Revisions New provisions were recently announced: • Like for like Threatened species – distribution models Everything else – increased flexibility • Use of maps for site assessment reduced transaction cost assessment consistency accuracy of maps? • Transaction cost reduction more ‘over the counter’
Biodiversity offsets in Canada Conference Biodiversity offsetting in Victoria Thank you email@example.com
Biodiversity offsetting is a system used predominantly by planning authorities and developers to fully compensate for biodiversity impacts associated with ...
42 Feature Article: How the approach to biodiversity offsetting in Victoria, Australia, is changing and its potential relevance to England How the approach to
I worked on a major offsetting pilot scheme in the state of Victoria Australia between 2006-08 as part ... Biodiversity offsetting will fail if it is ...
Biodiversity offsetting: friend or foe? 2 The main risks of biodiversity offsetting: The loss of original habitats and biodiversity is often irreplaceable.
Biodiversity Offsets in New Zealand addressing the risks and ... Biodiversity Offsetting, yet none truly mandate the practice. Biodiversity offsets
KEY ISSUES IN BIODIVERSITY OFFSET LAW AND POLICY. ... New Zealand (general guidance on biodiversity offsetting), Victoria, Australia (native vegetation
POST. Number 369 January 2011 . NOTE. Biodiversity Offsetting . Given growing recognition of the importance of biodiversity, all sectors are looking for ...
This document presents a standard on biodiversity offsets, intended to help determine whether an offset has been
Browse Biodiversity offsets news, research and analysis from The Conversation