At present, the majority of offset-like programs in Asia fall within the category of Environmental Impact Assessment (EIA). The region's EIA policies may lay a framework for a biodiversity markets by requiring adverse environmental impacts to be mitigated, but so far no third-party mitigation systems are known to be operated in Asia. Beyond government-led actions, voluntary and industry initiatives are arising in Asia, driven primarily by increasing public criticism of the environmental and social impacts of extractive and agribusiness industries.
|Number of Active Programs: 4
List of Active Programs: Saipan's Upland Mitigation Bank, Malua BioBank (Sabah), Forest Vegetation Restoration Fee (China), Forest Vegetation Restoration Fee (China)
|Number of Programs in Development: 5
List of Programs in Development: Biodiversity Offsets Study Group (Japan), Third-party mitigation system (Sabah), Multiple developments regarding biodiversity offsets in Indonesia, TNC's Development by Design Pilot in Mongolia, Biodiversity Law that covers Compensation for Damage to Biodiversity (Vietnam)