The Yarra Ranges Biodiversity Offsets Program aims to provide local offset options to compensate for the loss of native vegetation. The program establishes offset sites on council land that are protected in perpetuity and manages biodiversity credits that permit holders can purchase. The goals of the program are to offer strategic and local offsets, achieve quality ecological outcomes, and provide an efficient offsetting service. The program has established offset sites in Emerald, Montrose, Monbulk, and Healesville and has facilitated over $350,000 in offset trades since becoming operational in 2012.