Biodiversity
When it comes to biodiversity offsetting, there is no accurate way to measure the equivalent gains made after the destruction of one area of biodiversity. Often times, the destruction of biodiversity is done for capital gains. With this in mind, the company doing the destruction is going to look for the lowest cost option compensate for the loss. Depending how the compensation was measured, there could be a loophole that could be exploited by the company. As a result, the biodiversity of an area will suffer because of the greed of a company.
Our world is currently suffering due to the actions of humans. We are living in a time where the biodiversity might not ever recover. Although “equivalent gains” sounds good in theory, it cannot fix what was destroyed. It might make the hurt feel a little bit better but there is no way to completely match the biodiversity lost. If humans are so interested in maintaining biodiversity, then why are we destroying it in the first place?
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