2022 STEP Webinar: CVC Ecosystem Offsetting Guidelines
Abstract: Join CVC’s Scott Sampson on a webinar sharing CVC’s Ecosystem Offsetting Guideline.
Ecosystem offsetting is an approach to compensation guided by principles and strategies that strive to achieve a net gain in ecosystem function to offset the negative impacts of development through the creation or restoration of natural features.
Offsetting is one important tool in managing our natural assets, to address negative impacts of development, population intensification. Offsetting provides an opportunity to further protect and maintain biodiversity functions, flood resiliency, and climate change mitigation services associated with our natural heritage system.
CVC’s Ecosystem Offsetting Guideline was approved by its Board of Directors in 2020. The guideline provides best practices for the application of offsetting to improve fairness and consistency, and transparency while ensuring full compensation for the loss of natural heritage features and functions.
This presentation will discuss ecosystem offsetting, its principles and the approach provided in CVC’s Ecosystem Offsetting Guideline.