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Biodiversity banking enables industries to, via their obligation to mitigate,
make an effective contribution to conservation that is long term (when the right protections,
standards, monitoring and oversight are put in place).
Markets for biodiversity conservation provide a price signal
that presents conservation as an economically rational land use option in areas of high biodiversity
value - whether fish, wildlife or habitat.
Consolidating conservation sites into banks from which credits
are sold to numerous buyers is more ecologically viable than a range of disjointed fragmented sites
which due to size and distance do not have aggregated environmental outcomes.
Consolidation of conservation activities onto a smaller number of
larger sites enables reduced monitoring and enforcement costs by the bankers and the regulators.
The private sector becomes involved in helping to achieve policy goals
and develop more sustainably.
Generally, livelihoods of local communities are improved with by conservation as
compared with natural resource destruction, particularly in developing countries.
Local community groups can be retrained to conserve their local environment,
preserving cultural practices and growing ecotourism and local job opportunities.
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