Environmental Offsets: Have we got the science right?

For any offset to mitigate against adverse impacts of a proposal or project (in the context of EIS practice), it must FIRST be seen to be commensurate. In other words, does the offset practically replicate the landscape, fauna and floral assemblages, and density of population, as well as the application of a multiplier to ensure there is no net loss of that population.

Secondly, and of equal importance, is a guarantee that the offset be of equivalent economic value of the natural system at risk, which takes into account location (distance from markets), human population density; extent of services; property values, andĀ economic conditions at the time of valuation.

Accordingly, economic valuation of the impact of a proposal or policy, as well as the proposed OFFSETS, MUST be mandatory for any offset strategy!

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