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Mitigation banking is a market-based system of debits and credits (used primarily in the United States as part of its "no net loss" policy) that involves restoration, creation, or enhancement of wetlands to compensate for unavoidable impacts to a wetland in another location. [1] It involves a system of mitigation banks, sites where projects to ...
Under Florida law, the transfer of a non-homestead property (meaning: ... However, the spokesperson for the new owners said their main focus is on the wetlands mitigation bank plan.
The RCMB is a 3,500-acre (1,400 ha) mitigation bank to restore wetlands, which would then be protected in perpetuity by state and federal law. [14] [15] The investors receive credits from the state for restoring and protecting the wetlands. Developers purchase the credits to offset the destruction of wetlands elsewhere. [14]
A national push for expansion and progress toward the latter part of the 19th century stimulated interest in draining the Everglades, a region of tropical wetlands in southern Florida, for agricultural use. According to historians, "From the middle of the nineteenth century to the middle of the twentieth century, the United States went through ...
Conservation banking is an environmental market-based method designed to offset adverse effects, generally, to species of concern, are threatened, or endangered and protected under the United States Endangered Species Act (ESA) through the creation of conservation banks. [ 1] Conservation banking can be viewed as a method of mitigation that ...
Biodiversity banking. Biodiversity banking, also known as biodiversity trading, conservation banking, mitigation banking, [1] habitat banking, compensatory habitat, [1] or set-asides, [1] describes a market-based framework for biodiversity offsetting where offsets can be traded in the form of credits to offset negative environmental impacts of ...
16 U.S.C. §§ 3951 – 3156. The Coastal Wetlands Planning, Protection and Restoration Act (CWPPRA) is a 1990 United States federal law that provides funds for wetland enhancement. [ 1 ] The law is implemented by federal and state agencies, focusing on restoration of lost wetlands of the Gulf Coast, as well as protecting the wetlands from ...
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