What is the Biodiversity Banking and Offsets Scheme or BioBanking?

BioBanking is a market-based offset scheme that allows developers to buy ‘biodiversity credits' to counterbalance the loss of biodiversity resulting from their development.

'Biodiversity credits' are generated by landowners who commit to enhance and protect biodiversity values on their land through a biobanking agreement. These credits can be sold, generating funds to manage the site. Buyers include developers, conservation and philanthropic organisations and government.

Find out how the Biodiversity Banking and Offsets Scheme works.