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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" (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 ...
The term nature-based solutions was put forward by practitioners in the late 2000s. At that time it was used by international organisations such as the International Union for Conservation of Nature and the World Bank in the context of finding new solutions to mitigate and adapt to climate change effects by working with natural ecosystems rather than relying purely on engineering interventions.
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]
The abbreviation stands for "agriculture, forestry and other land use" [7]: 37 The report described the economic mitigation potential from relevant activities around forests and ecosystems as follows: "the conservation, improved management, and restoration of forests and other ecosystems (coastal wetlands, peatlands, savannas and grasslands ...
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 ...
Watershed management is the study of the relevant characteristics of a watershed aimed at the sustainable distribution of its resources and the process of creating and implementing plans, programs and projects to sustain and enhance watershed functions that affect the plant, animal, and human communities within the watershed boundary. [1]