Biodiversity & Natural Capital

Frequently Asked Questions

• What is a biodiversity credit?

  A biodiversity credit is a unit of measurement for a biodiversity impact at a development site or biodiversity gain at a Stewardship site. There are two categories of biodiversity credit: ecosystem credits and species credits.

• How is the Biodiversity Offset Scheme triggered?

  The Biodiversity Offset Scheme can be triggered in four different ways: Impacting vegetation mapped on the Biodiversity Values Map, exceeding the specified clearing threshold, impacts resulting in a significant impact on threatened species or ecological communities, or affecting an Area of Outstanding Biodiversity Value.

• When do I need an Ecological Assessment?

  Ecological Assessments are needed in the Environmental Impact Assessment process in order to gain developmental approval, as required by the NSW Environmental Planning & Assessment Act 1979. Public authorities undertaking works under Part 5 of the Environmental Planning and Assessment Act also require an ecological assessment if they are impacting native vegetation or habitat.

• What is a Five Part Test of Significance?

  The Five Part Test of Significance is prescribed in the NSW Biodiversity Conservation Act 2016 and typically forms part of an ecological impact assessment report. It consists of five questions that are answered and assessed by an ecologist to determine if an action will result in a significant impact on threatened species or ecological communities.

• What Is Natural Resource Management?

  The term “Natural Resource Management” (NRM) describes the responsible use of the world’s primary natural resources, including land, water, air, minerals, forests, fisheries, and wild plants and animals.

  These resources offer essential life support in terms of consumption and general welfare services. Environmental processes preserve climate cycles, nutrient recycling, soil health, and air and water purification.

• What Is Sustainable Management of Natural Resources?

  Sustainable management of natural resources is using natural resources to preserve and improve ecosystems and their advantages. It is necessary because it promotes resource management and safeguards the needs of future generations.

  Instead of using non-renewable resources like fossil fuels, we can accomplish the same aim by harnessing renewable resources like wind and solar energy and employing services that do not harm the environment as much.

  Sustainable resource management will occur if our current consumption rate can be maintained indefinitely without harming the ecosystem.

• What Does Biodiversity & Natural Resource Management Include?

  Ecological, economic, social, and environmental sustainability are all included in natural resource management. For the successful implementation of NRM in these areas, proper oversight, monitoring, and regular evaluation are essential.

  Biodiversity is the term used to describe all the diverse types of life you can find in one place. The many plants, animals, microbes, and fungi that make up our physical environment are all part of biodiversity. These various species and critters collaborate in complicated web-like ecosystems to keep things in equilibrium and sustain life.

• Does WolfPeak do ecological assessments?

  At WolfPeak, our team has a wealth of experience managing natural resources of various sizes, including soils, water, and biodiversity. Having been around for a while, we know what works and what doesn’t.

  We are fully committed to collaborating with landowners and governments to identify practical solutions for safeguarding our natural resources, sustaining and enhancing productivity, and ensuring the advancement and enrichment of society.

• Why Choose WolfPeak for Your Natural Resource Management?

  At WolfPeak, our team has a wealth of experience managing natural resources of various sizes, including soils, water, and biodiversity. Having been around for a while, we know what works and what doesn’t.

  We are fully committed to collaborating with landowners and governments to identify practical solutions for safeguarding our natural resources, sustaining and enhancing productivity, and ensuring the advancement and enrichment of society.