Lessons Learned from a Review of Programs, Analysis of Stakeholder Perceptions, and Investigation of Transactions Costs
The use of conservation offsets to achieve environmental goals is becoming more prominent, both in Canada and around the world. In order to build new, effective programs, it is useful to evaluate current programs for the lessons that can be learned. Much of the existing literature focuses on evaluating offset programs from a biological perspective or an economic perspective. To fully evaluate a program, elements of both disciplines should be used. The following paper develops a framework using existing criteria from both the biological and economic literature. The framework is then applied to several Canadian and one international case study to identify what lessons can be learned. Interviews with key stakeholders in the design of existing offset programs are used to expand the discussion on the lessons learned. The paper concludes with a discussion of lessons that are learned through the literature review, application of the framework, and interview responses.