for biodiversity; develop strong making a approach ‘savings bank’ supporting policy for a challenging and an unattractive ‘savings bank’ approach where feasible investment without strong supporting policy Accounting H M Encourage transparency in offset Increased transparency often approach calculation; ensure impact assessment unpalatable approaches link with offset calculation approach Governance Agency problems M M Incentivise compliance (minimise Increased scrutiny of offset trades is transaction costs, outcomes-based politically unpalatable. Incentive to contracts, risk severance); increase under-deliver offset obligations, or to
for biodiversity; develop strong supporting policy for a ‘savings bank’ approach where feasible making a ‘savings bank’ approach challenging and an unattractive investment without strong supporting policy Accounting approach H M Encourage transparency in offset calculation; ensure impact assessment approaches link with offset calculation approach Increased transparency often unpalatable Governance Agency problems M M Incentivise compliance (minimise transaction costs, outcomes-based contracts, risk severance); increase Increased scrutiny of offset trades is politically unpalatable. Incentive to under-deliver offset obligations, or to
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