The final report of the Ecosystem Market Task Force is now available. The report states the business case for why nature matters. It makes practical recommendations for both Government and business where interventions would help in the creation and development of new markets, enhancing opportunities for growth that also benefit the environment. One of its recommendations is biodiversity offsetting, but only when impacts are ‘unavoidable’ and can be ‘more than compensated’ for. The task force acknowledges the difficulities in applying this approach in practice. It has highlighted that initial implementation of offsetting through a mandatory pilot scheme for planning authorities will provide vital evidence on its future potential across the country.
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