France has had an environmental protection law on the books since 1976 which requires avoidance, minimization, and compensation of impacts to the environment. The law, however, had not catalyzed offset activities until 2009. In May of last year, CDC Biodiversite launched the first biodiversity bank in France, and intends to sell biodiversity credits in advance of impacts from development.
|Date Established: 2009||Status: Active||Program Type: Banking|
|About the program:|
|Annual size of program (area): 357 (hectares)||Year of Data: 2009|
|Cumulative size of program (area): 357 (hectares)||Years of Data: 2009 -|
|Annual payments of program (US$):||Year of Data:|
|Cumulative payments of program (US$):||Years of Data: -|
|Notes on program size or payments:
The program size /cumulative program size is at minimum 357 hectares. This is a published figure for the acreage conserved in one pilot habitat bank as of 2009.
|Species or habitat types (if applicable): Western steppe habitat|
|Bank regulator information:||Last Updated: September 23, 2010|