The global extent of biodiversity offset implementation under no net loss policies

‘No net loss’ (NNL) biodiversity policies, which seek to neutralize ongoing biodiversity losses caused by economic development activities, are applicable worldwide. Yet there has been no global assessment concerning practical measures actually implemented under NNL policies. Here, we systematically map the global implementation of biodiversity offsets (‘offsets’) – a crucial yet controversial NNL practice. We find, firstly, that offsets occupy an area up to two orders of magnitude larger than previously suggested: 12,983 offset projects extending over ?153,679?_(-64,223)^(+25,013) km2 across 37 countries. Secondly, offsets are far from homogeneous in implementation, and emerging economies (particularly in South America) are more dominant in terms of global offsetting area than expected. Thirdly, most offset projects are very small, and the overwhelming majority (99.7%) arise through regulatory requirements rather than prominent project finance safeguards. Our database provides a sampling frame via which future studies could evaluate the efficacy of NNL policies

The enactment of risk categories: the role of information systems in organizing and re-organizing risk management practices in the energy industry

This research explores the role of information systems in risk management during a twenty year period when new governance arrangements led to enterprise-wide change in the UK energy markets. We present a longitudinal case study documenting the role of "A-Trade" transaction and risk management software in the adaptation of energy organizations to competitive demands associated with a simultaneous process of privatization and liberalization. During the design, development and implementation of A-Trade, multiple forms of expertise were brought together in what we describe as organizational encounters with risk. The story of "A-Trade" highlights the shift from a traditional engineer-led culture of risk cognition to marketoriented financial risk management. Our findings are that, firstly, that energy transaction and risk management software development provided an important learning ground during periods of paradigmatic change. Secondly, we provide insights into the enactment of risk categories and the challenges associated with establishing an information infrastructure to support risk management