DUAL Biodiversity Net Gain (BNG) Insurance

DUAL has launched the first insurance product designed to support biodiversity net gain (BNG) at Highlands Rewilding’s Bunloit project in Scotland. Unlike carbon credit-focused products, this solution centres on natural capital, offering landowners assurance that their land retains economic value irrespective of biodiversity progress while enabling access to investor capital for nature initiatives. The insurance covers habitat protection/restoration and backs biodiversity and carbon units sold by covering the cost of acquiring substitute units if needed. England’s BNG market, mandated by the 2021 Environment Act requiring 10% biodiversity net gain for new developments, is projected to reach nearly £3 billion by 2035, with approximately 2,000 new planning applications submitted monthly.