Effective government intervention

Effective government intervention

Effective government intervention in the development of a self-sustaining
market – with reference to Bio-banking (Payment for
Ecosystem Services)
PURPOSE OF DISSERTATION: The purpose of this dissertation is
to examine the NSW Bio-banking scheme in Australia, its credibility as
a market based scheme and its long-term viability within the NSW
planning system and development assessment process.
BACKGROUND INFORMATION OF BIO-BANKING: Bio-banking is a
market based scheme with the aim of addressing habitat degradation
and biodiversity loss. The scheme includes a streamlined process for
assessing a development?s impact on biodiversity, a rigorous and
credible ?offsetting? scheme and an opportunity for landowners to
generate income by undertaking management actions to improve the
biodiversity values of their land.

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