England is set to introduce a biodiversity credit scheme this week, aiming to ensure that all new construction projects contribute positively to nature conservation.
Under the biodiversity net gain (BNG) initiative, new developments must achieve a 10% net gain in biodiversity or habitat, on-site or elsewhere.
The move, mandated by the Town and Country Planning Act, reflects a growing global trend toward integrating environmental considerations into urban development.
One of the most ambitious schemes globally has drawn interest from countries like Sweden, Singapore, Scotland, and Wales.
However, challenges remain, including ensuring effective regulation and monitoring to ensure pledged habitat benefits materialize.
Additionally, concerns about the limited demand for biodiversity credits worldwide have been raised worldwide, highlighting the need for robust government support and private investment to fund biodiversity conservation efforts.