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Most provinces and territories have implemented a wetland management program but not all have wetland conservations policies in place to protect wetlands. [4] This is due in part to The Federal Policy on Wetland Conservation being depicted as a partnership between provincial and territorial governments in combination with private sections. [1]
It is used to compensate for impacts on species of special concern, typically those that are listed by state and federal agencies under the U.S. Endangered Species Act or its state-based equivalent. [17] The wetland mitigation banking system inspired the development of conservation banking in California in the mid-1990s [24] but, unlike ...
"No net loss" is defined by the International Finance Corporation as "the point at which the project-related impacts on biodiversity are balanced by measures taken to avoid and minimize the project's impacts, to understand on site restoration and finally to offset significant residual impacts, if any, on an appropriate geographic scale (e.g local, landscape-level, national, regional)."
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]
Ducks Unlimited Canada (DUC) is a Canadian non-profit environmental organization that works to conserve, create, restore and manage Canadian wetlands and associated uplands in order to provide healthy ecosystems that support North American waterfowl, other wildlife and people. [1]
It was established in 1986 by Canada and the United States, and expanded to include Mexico in 1994. In the United States, it was authorized by the North American Wetlands Conservation Act of 1989 (P.L. 101-233), and is administered by the Fish and Wildlife Service, with USDA agencies participating as appropriate.
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]
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 ...