No net loss of biodiversity or paper offsets? A critical review of the French no net loss policy.

Highlights: [•] Offsetting development impacts could help achieve no net loss of biodiversity. [•] France recently geared its legislation on offsetting towards no net loss. [•] New guidance promises improved offset design and implementation. [•] Institutional arrangements for delivering offsets are either poor or lacking. [•] Appropriate institutional arrangements are necessary to avoid paper offsets. [Copyright &y& Elsevier]