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"No net loss" is defined by the International Finance Corporation as "the point at which the project-related impacts on biodiversity are balanced by measures taken to avoid and minimize the project's impacts, to understand on site restoration and finally to offset significant residual impacts, if any, on an appropriate geographic scale (e.g local, landscape-level, national, regional)."
"No Net loss" is the United States government's overall policy goal regarding wetlands preservation. The goal of the policy is to balance wetland loss due to economic development with wetlands reclamation, mitigation, and restorations efforts, so that the total acreage of wetlands in the country does not decrease, but remains constant or increases.
Commonly, wetland loss is defined as the conversion of vegetated wetlands into either uplands or drained areas, unvegetated wetlands (e.g., mudflats), or (submerged habitats (open water). According to this, and similar definitions, wetland loss includes both land loss and land consumption as components of it.
Wetlands International is a global organisation that works to sustain and restore wetlands and their resources for people and biodiversity. It is an independent, not-for-profit, global organisation, supported by government and NGO membership from around the world.
Mitigation banking is a market-based system of debits and credits (used primarily in the United States as part of its "no net loss" policy) that involves restoration, creation, or enhancement of wetlands to compensate for unavoidable impacts to a wetland in another location. [1]
Wetland habitats contribute to environmental health and biodiversity. [58] Wetlands are a nonrenewable resource on a human timescale and in some environments cannot ever be renewed. [59] Recent studies indicate that global loss of wetlands could be as high as 87% since 1700 AD, with 64% of wetland loss occurring since 1900. [59]
The board of The Fund for Responding to Loss and Damage to help countries ravaged by climate-driven disasters named Senegalese finance specialist Ibrahima Cheikh Diong as its first director, the ...
The convention establishes that "wetlands should be selected for the list on account of their international significance in terms of ecology, botany, zoology, limnology or hydrology." Over the years, the Conference of the Contracting Parties has adopted more specific criteria interpreting the convention text.