Determination of suitable financial contributions as offsets within the Reef Trust

About the document

One of the key steps in the development of the Reef Trust’s approach to environmental offset funding was the engagement of The Biodiversity Consultancy to explore a number of technical issues related to the delivery of offsets through the Reef Trust.

The Biodiversity Consultancy examined options to ensure ecological, character, temporal, spatial and amount equivalence, mitigation of risk and uncertainty, approaches for determining financial contribution amounts, as well as auditing and monitoring approaches.

Building on the findings of this paper, an approach and methodology to assist with the calculation of potential offset payments was developed in partnership with several technical experts.

Further information

• More about the Reef Trust