Germany

Wende, Wolfgang; Albrecht, Juliane; Darbi, Marianne; Herbert, Matthias; May, Anja; Schumacher, Jochen; Szaramowicz, Martin

doi:10.1007/978-3-319-72581-9_8

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Securing Payments For Offset Services1

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2021

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“…A few countries and states have introduced mechanisms to secure funding for initial management costs, as well as, in some cases, some retention costs ''for the long term.'' This includes the mandatory financial backing of ''compensatory pools'' (mitigation banks) in Germany for a minimum of 25-30 years, 73 endowment and maintenance funds for mitigation banks in the US, 32 or the Biodiversity Conservation Trust in NSW, Australia, which has set up a Biodiversity Stewardship Payment Fund aiming to provide an in perpetuity funding source. 52,74…”

Section: Securing Payments For Offset Servicesmentioning

confidence: 99%