The Environment Bank today launches the first online ‘conservation credit” trading platform. The Environment Bank, the first organization to deliver biodiversity offsetting in the UK, and Mission MarketsTM, a professional services firm specializing in the impact and sustainability sectors and operating an international platform for exchanging environmental credits, today jointly announce the first online marketplace for conservation credits in the UK.
The online Conservation credits Exchange will allow conservation groups, farmers and landowners to register their wildlife sites so as to provide ‘conservation credits”; these credits will then be available to developers for purchase to offset their impacts on biodiversity – putting a transferable value on biodiversity loss and establishing private sector funding for the long-term management of conservation sites.
Professor David Hill, Chairman of the Environment Bank (www.environmentbank.com) said “This is the first step in establishing a definitive market mechanism that will give developers greater certainty from the planning process, reduce delays and really deliver long-term conservation gain. The purchase of conservation credits will explicitly and transparently demonstrate developers commitment to the environment, and will deliver truly sustainable development – development that directly leads to environmental, as well as economic, recovery.”
“We see this partnership as a significant step in expanding our reach into Europe,” says Michael Van Patten, Mission Markets Founder and Chairman. “We are pleased to be working with leading organizations like The Environment Bank to deliver market infrastructure to environmental stakeholders worldwide.”