Reviewing the role of habitat banking and tradable development rights in the conservation policy mix
Habitat banking and tradable development rights (TDR) have gained considerable currency as a way of achieving âno net lossâ of biodiversity and of reconciling nature conservation with economic development goals. This paper reviews the use of these instruments for biodiversity conservation and assesses their roles in the policy mix. The two instruments are compared in terms of effectiveness, cost effectiveness, social impact, institutional context and legal requirements.