In order to improve understanding of how internal and external drivers to biodiversity management within the oil and gas sector may evolve and impact environmental management practices, IPIECA undertook a horizon scanning exercise with the United Nations Environment Programme – World Conservation Monitoring Centre (UNEP-WCMC) in 2013.
As a result of the exercise UNEP-WCMC produced a report which identifies a number of external drivers, assesses their relevance to the oil and gas sector as well as identifying the timescale for potential implications. Of particular note, some of the short-medium term drivers identified to be of direct relevance to IPIECA and its members include: national regulations, finance standards, and biodiversity management approaches such as the mitigation hierarchy, no net loss and net positive impact.
IPIECA intends to routinely update this report, as well as assess internal drivers to biodiversity and ecosystem services management by initiating a more systematic emerging issues process in 2014.
- 08 August 2013