What is Biodiversity?

Biodiversity is starting to be become another buzz word like green products and carbon footprint. Biodiversity is the variation of life forms within a given ecosystem or on the entire Earth. Biodiversity is often used as a measure of the health of biological systems. The biodiversity found on Earth today consists of many millions of distinct biological species. The year 2010 has been declared as the International Year of Biodiversity. One of the market instruments to offset environmental damage is sort of biodiversity offsetting, or bio-compensation. Quite simply, if a developer is going to build something that will damage or destroy a habitat of conservation value then they must buy a ‘bio-credit’ to compensate for that loss elsewhere.

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