13 August 2019
Conservation covenants are to be introduced in an attempt to provide relevant parties with a new legal tool for the conservation of nature and to facilitate sustainable development. The proposed scheme creates a new private-law right, allowing the enforcement of commitments to conservation outcomes in the long-term. This device may be used by developers to comply with current and future environmental regulations including the recently confirmed biodiversity net gain requirements.
Conservation Covenants and their potential future use by Developers