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The public interest is served when enforcement agencies require more habitat as mitigation, often referred to as a mitigation ratio, than is adversely impacted by management or development of nearby acreage. [7] Wetland Mitigation Credits do not convey any interest in the real estate that hosts the mitigation bank.
"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.
No net loss" (NNL) is an environmental policy approach that aims to counterbalance the negative impacts of development projects on the environment by using environmental mitigation measures. [1] For example, the policy aims for no net loss of wetlands in the United States (where it originated) or no net loss of biodiversity in other regions.
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 ...
Appearing on a panel about wetlands at last week’s N.C. Water Resources Research Institute, John Dorney, a former manager for North Carolina’s wetland permitting program, predicted that the ...
In the United States, compensatory mitigation is a commonly used form of environmental mitigation and, for some projects, it is legally required under the Clean Water Act 1972. Compensatory mitigation is defined by the US Department of Agriculture as "measures to restore, create, enhance, and preserve wetlands to offset unavoidable adverse ...
A Habitat Conservation Plan (HCP) is a required part of an application for an Incidental Take Permit, a permit issued under the United States Endangered Species Act (ESA) to private entities undertaking projects that might result in the destruction of an endangered or threatened species. It is a planning document that ensures that the ...
However, under section 7(a)(2) for Federal Agencies, and under section 10(a) for private parties, a take may be permissible for unavoidable impacts if there are conservation mitigation measures for the affected species or habitat. [3] Purchasing “credits” through a conservation bank is one such mitigation measure to remedy the loss. [1]