Biodiversity Banking

Biodiversity banking is a system that allows businesses or developers to compensate for environmental impacts by protecting or restoring natural habitats elsewhere. When a project harms ecosystems, it can purchase "credits" from a biodiversity bank, which represents conservation efforts like creating wildlife reserves. These credits ensure that for every ecological loss, there is a corresponding gain in habitat protection, supporting the preservation of species and ecological balance. This approach promotes sustainable development and encourages investment in conservation, helping to maintain biodiversity for future generations while allowing economic growth.