Investors seek to tap millions in biodiversity credits from UK project

A new law taking effect in November requires developers in England to show they can deliver a 10% net gain in biodiversity in order to get planning permission. — Bloomberg

LONDON: On an ordinary grassy field called Puddington Moor, an unusual financial experiment is underway. It’s a project allowing investors to generate millions of dollars of revenue in return for helping restore ravaged terrain to once again attract bugs, bees and birds.

The 25-acre plot is one of the UK’s first habitat banks, a parcel of land whose managers are committed to helping restore and protect nature.