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It supported off-site wetland mitigation in which a permittee purchases mitigation credits from a third-party mitigation bank. This entity, private, governmental, or non-governmental, promotes the no-net-loss policy by restoring or creating an area of wetland into a mitigation bank and selling compensatory mitigation credits to permittees.
"No Net loss" is the United States government's overall policy goal regarding wetlands preservation. The goal of the policy is to balance wetland loss due to economic development with wetlands reclamation, mitigation, and restorations efforts, so that the total acreage of wetlands in the country does not decrease, but remains constant or increases.
Biodiversity banks and the credits that are generated from them rely on regulations and legal frameworks. When establishing a biodiversity bank, a legal arrangement, such as a conservation easement (also known as a conservation covenant) might be required to set aside the land for conservation and prevent the use of the land for development, either in perpetuity or for a specified time period ...
The idea of "no net loss" emerged in the United States as a goal for applying environmental mitigation measures (such as mitigation banking) to wetland conservation. [15] This was motivated by the historic and ongoing loss of wetlands - over half of the original wetlands in the lower 48 states have been lost.
Mitigating for habitat loss requires either the replacement or protection of habitat within the HCP area or at another location. This may be accomplished through a variety of methods including: Acquiring existing habitat; Employing conservation easements to protect existing habitat; Improving or restoring degraded habitat;
Subchapter II of the Act 16 U.S.C § 3911 – 3912 outlined the sale of admission permits at refuges and the transfers to the Migratory Bird Conservation Fund. The Land and Water Conservation Fund Act of 1965 for the most part provided the funds for the purchase of wetlands, but in order to sustain the operation and maintenance cost of refuges ...
A new Environmental Defense Fund analysis uses a U.S. Fish and Wildlife’s National Wetlands Inventory and flooding data to try to answer that question for all 50 states in light of the U.S ...
The North American Wetlands Conservation Act signed into law by President George H. W. Bush on December 13, 1989 authorizes a wetlands habitat program, administered by the United States Fish and Wildlife Service, which provides grants to protect and manage wetland habitats for migratory birds and other wetland wildlife in the United States, Mexico, and Canada.