Abstract
AbstractBiodiversity credits are increasingly recognized as a potential instrument to incentivize and bolster efforts in biodiversity conservation. Nevertheless, their efficacy is impeded by a dearth of research. To mitigate these constraints, this study introduces a comprehensive and integrated framework for appraising biodiversity credits. Drawing upon the Emergy Accounting methodology, the framework encompasses four key perspectives: Emergy‐based Ecosystem Potential (EEP), Emergy‐based Ecosystem Network (EEN), Emergy‐based “Species' to Human” contributions (ESH), and Emergy‐based Species' Significance. Furthermore, this study scrutinizes the trajectory of biodiversity credits across 31 provinces spanning from 2000 to 2050, considering 220 distinct scenarios. The findings reveal that China has attained the no net loss (NNL) objective concerning conventional area‐based conservation targets, with forest cover encompassing 27% of the total land area. However, biodiversity credits at the ecosystem level exhibit an escalating trend, with growth rates ranging from 0.73% to 1.0%, while credits at the species level depict a decremental trend, with an approximate growth rate of −0.21%. Under a scenario of moderate growth, projections for the year 2030 indicate that the EEP credit is poised to accrue approximately 4.76E + 20 solar emjoules (sej), the EEN credit is forecasted to accumulate around 1.03E + 21 sej, and the ESH credit is anticipated to decline by 1.46E + 23 sej within the context of the NNL paradigm. These outcomes underscore the necessity of delineating differentiated biodiversity goals, and furnish insights into the dynamics of supply and demand pertaining to biodiversity credits within the ambit of offsetting schemes across the nation.
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