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Given the recent boom in the exploration of natural resources in Mozambique over the past decade, with a concurrent rapid increase in negative environmental and social impacts, there is an urgent need to find ways to harmonize economic development with the conservation of biodiversity and ecosystem services. This is particularly important as Mozambique has nationally and internationally committed to biodiversity conservation and sustainable development efforts, by adhering to the Sustainable Development Goals, Aichi targets, Convention on Biological Diversity, RAMSAR Convention, Gaborone Convention, and including natural resources and environment in its 5-year Plan. A key avenue to address this is the adoption of a policy on No Net Loss of biodiversity, including the use of biodiversity offsets.

Biodiversity offsets are “measurable conservation outcomes resulting from actions designed to compensate for significant residual adverse biodiversity impacts arising from project development after appropriate prevention and mitigation measures have been taken. The goal of biodiversity offsets is to achieve no net loss and preferably a net gain of biodiversity on the ground.”

This case study describes the BIOFUND Biodiversity Offsetting Services (BBOS) designed to create an innovative financial mechanism to support biodiversity conservation through the promotion of implementing Biodiversity Offsets in Mozambique inside the Protected Areas Network via a Conservation Trust Fund.
The BBOS aim to manage investments by companies that are required to offset negative impacts to environment, allowing them to meet their no net loss obligations while they contribute for the country ́s biodiversity conservation goals. The BBOS offer a variety of financial streams that should be dedicated to protected areas and other relevant biodiversity areas in Mozambique.
Category: #Biodiversity Offsets #Case Studies #Community Participation #Environmental Impact Assessment #Protected Areas