This BIOFIN financial solution is focused on establishing an improved biodiversity offsets modality for protected area expansion and appropriate management. It sets out four coordinated streams of work to unlock the potential of biodiversity offsetting in South Africa. These are to:
Mainstream and build capacity around the National Biodiversity Offset Guideline.
Create a working Community of Practice amongst offset regulators, practitioners, developers, and receiving entities that can collectively overcome technical & regulatory challenges in designing, financing & implementing offsets.
Establish a web-based national offset register that increases transparency and efficiency in tracking offsets in SA.
Develop & pilot institutional modalities for offsetting in South Africa that contribute to Protected Area (PA) expansion.
These four streams of work seek to enable a clear, streamlined modality for implementing offsets in the South African context that can be replicated to increase the efficiency and effectiveness of developing & implementing biodiversity offsets in line with biodiversity conservation efforts. The development of biodiversity offset modalities will take place through the pilot implementation of a biodiversity offset banking system(s), in line with the PA Expansion Strategy & the Draft National Biodiversity Offset Guideline, and through close engagement and coordination with Competent Authorities and Community of Practice.
This ToR specifically relates to the appointment of a legal support consultant to provide detailed technical advice and inputs to up to two organisations piloting the implementation of biodiversity offset banking modalities;
Below are the Biodiversity Finance Initiative (BIOFIN) Consultancy Assignments: