Law for Nature
Enacted on August 21, 2023, the law aims to conserve biological diversity and protect the country's natural heritage through the preservation, restoration, and sustainable use of genes, species, and ecosystems.
Regarding the bill, this law provides the legal framework necessary to implement and regulate mechanisms that promote the conservation and sustainable use of natural resources. Specifically, regarding ecosystem conservation instruments, Article 38 refers to Biodiversity Offsets. Article 51 of the law also establishes the creation of the Biodiversity and Ecosystem Services Certification System, and Article 52 establishes Ecosystem Services Retribution Contracts, which are essential for incentivizing sustainable practices and the protection of biodiversity.
