Biodiversity banking, also known as biodiversity trading or conservation banking, biodiversity mitigation banks, compensatory habitat, set-asides, biodiversity offsets, are conservation activities that compensate for the loss of biodiversity with the goal of biodiversity reduction through a framework which allows biodiversity to be reliably measured, and market based solutions applied to improving biodiversity. Biodiversity banking provides a means to place a monetary value on ecosystem services. Typically this involves land protection, restoration, an/or enhancement. Biodiversity banking is often applied so that there is no "net loss of a particular biodiversity feature." According to the International Union for Conservation of Nature, by 2004, interest in voluntary biodiversity offsets w