“…The final step requires that any residual negative impacts are compensated for, through off‐site conservation actions which improve the status of the affected biodiversity elsewhere (Arlidge et al, ; CSBI, ; Milner‐Gulland et al, ). If applied successfully, the MH can lead to no net loss (NNL) of biodiversity or even net gain (BBOP, ; Bull, Suttle, Gordon, Singh, & Milner‐Gulland, ; zu Ermgassen et al, ; Gardner et al, ; Milner‐Gulland et al, ). For example, wetland mitigation banks in the United States have shown to successfully achieve no net loss of wetland area through protection, restoration or creation of wetlands in compensation for loss caused by development projects (Brown & Lant, ; zu Ermgassen et al, ).…”