The Shell Foundation has agreed to fund and provide expertise for the development of conservation credits and other measures by the fledgling Environment Bank.
The Bank has just joined forces with the Environment Agency to pilot a scheme whereby developers and companies will be able to offset their impact on biodiversity and ecosystems by buying ‘credits’ to create coastal grazing and sea marshes along theSuffolk and Essex coast.
This concept of ‘environmental offsets’ will be a feature of the Coalition’s Natural Environment White Paper due later this year and will become a feature of many large and small infrastructure projects in the future.
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