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Jul 27, 2023 · Statutory biodiversity credits are priced in tiers according to habitat type for area-based biodiversity units. There are separate prices for hedgerow and watercourse biodiversity...
Aug 17, 2023 · Since our last update, the government has published its indicative prices for statutory biodiversity credits, which are intended as a last resort where developers are unable to use on-site or off-site units to deliver BNG.
- Rachael Davidson
On August 24, 2023, Canada announced at the 7th Global Environment Facility Assembly in Vancouver that $200 million of its $350 million International Biodiversity Program would be provided to the Global Biodiversity Framework Fund. With this, Canada became the fund’s first donor.
May 22, 2024 · Pilot schemes differ in the credit unit, project length, area per credit, and underlying methodology, and the prices (where available) vary accordingly. For most existing schemes, pricing data is not yet available.
Jul 22, 2024 · This historic framework lays out a set of global goals and targets to halt and reverse biodiversity loss by 2030 and put nature on a path to recovery by 2050. Canada’s 2030 Nature Strategy charts a path for how Canada will implement the KMGBF domestically.
Nov 29, 2023 · Check the cost of statutory biodiversity credits to work out the total cost. You should contact the LPA to discuss buying statutory biodiversity credits as part of your overall BNG strategy.
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The importance of biodiversity in Canada extends well beyond our borders. For example, the oceans help to regulate the global climate, peatlands and the boreal forest serve as a globally significant carbon sink, and migratory birds and marine mammals rely on important habitat in Canada.
