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Mitigation banking is defined by the Natural Resources Conservation Service (a US government agency) as "restoration, creation or enhancement of wetlands for the purpose of compensating for manipulated wetlands at another location".
"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.
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.
Wisconsin is home to an estimated 6 million acres of wetlands, according to the state Department of Natural Resources, adding up to about $4.6 billion annually in natural flood mitigation, by 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 ...
The new wetlands bill is moving with blazing speed through the Indiana Statehouse to "quiet public outcry ... more than 250 acres were completely lost due to the state no longer requiring mitigation.
Another analysis showed that surface solutions reduced mitigation costs by over $200 million, compared to conventional piping. ... If you reconstruct a lot of wetlands, you may create more ...
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 development projects or activities.
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