Your SlideShare is downloading. ×
Third Party Supply of Offsets: Offset Market
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Third Party Supply of Offsets: Offset Market

1,630
views

Published on

Written by Michael Crowe, NatureTask, State of Victoria, Australia

Written by Michael Crowe, NatureTask, State of Victoria, Australia

Published in: Education

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
1,630
On Slideshare
0
From Embeds
0
Number of Embeds
3
Actions
Shares
0
Downloads
5
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Third party supply of offsets – offset market Developers buyers Credit Register • Brokers • Banks • Over the counter sellers Conservation banks Create credits • landowner agreements • land surrender • upgrade protected areas Landowners
  • 2. Like-for-like and offset supply Risk to supplier increases Different credit types Demand high and certain Aggregated offsets & banks Demand low and uncertain Bespoke trades thru’ brokers Like-for-like rules (including trading up) determine market segmentation: • Low segmentation → banks and landscape solutions • High segmentation → bespoke and individual site solutions
  • 3. Market facilitation – Over The Counter Over The Counter - • a bank of credits available at price pre-set by the landowner • based on ‘trading up’ to higher biodiversity importance • offset specified in the permit condition • offset plan provided at time of purchase • walk in and buy - feels like ‘in lieu payment’
  • 4. Endangered grasslands • Plains Grassland - Victorian Volcanic Plain
  • 5. Offset bank & protected area • A 15,000 ha reserve through the purchase and surrender of freehold land • Will provide offsets for 15 years of urban development in Melbourne’s west • Designed via a Strategic Assessment Report of future impacts and offsets • Land designated under an acquisition overlay • Financed through a revolving fund, primed with government funding

×