WHY THE NEED TO BIOBANK?
Biobanking ~ the Biodiversity Banking and Offset Scheme has been established by the New South Wales Department of Environment and Climate Change (DECC) to help address the loss of biodiversity and threatened species.
According to the scheme, Biobanking will
- Provide a transparent, consistent and robust framework for the assessment and management of biodiversity offsets
- Create new opportunites for conservation on privately owned land
- Provide permanent security and management for biodiversity offsets
- Provide a secure mechanism for investment in biodiversity conservation