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Inspiration Card
Governance Actions |
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Policies
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G15 Use of compensation schemes for Ecosystem Services
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| Knowledge & Awarness | Political Commitment | Organisation | Perceived Costs & Benefits | Social & Environmental Justice |
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Description
Compensation schemes are mechanisms which ensure that the overall function (e.g. ecosystem services) of a specific site is being preserved. Plot owners and developers are requested to provide compensation for depleted ecological services (e.g. through sealing new surfaces; cutting down significant trees etc.).
Potential Elements
- Direct substitution through restoring depleted ecosystem services or installing NBS on the same plot, including clear compensation criteria and monitoring of the compensation measures.
- Financial compensation coupled to a compensation funds, which can be used to realise NBS projects throughout the city if direct compensation on-site is not possible.
- Involving a pool of professionals and specialists to support the procedure and evaluation of measures.