Exploring lessons learned from biodiversity offsetting markets in other countries that could inform appraisal of options for delivering offsets in England

Final report to Defra (project code WC1098)

By Guy Duke, Kerry ten Kate - Forest Trends

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The objective of this study was to gather evidence, from established offsetting markets in the US and Australia, through structured interviews and a limited review of literature, on (1) the range and extent of costs and benefits to developers arising from offsetting regimes, (2) the effects of market design on offset prices, (3) conservation outcomes of offsetting, and (4) broader economic outcomes of offsetting. The focus of the study was on (1) and (2); with regard to (3), it is important to note that this study did not set out to make a comprehensive study of conservation outcomes.