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"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.
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]
"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)."
In a 5-4 vote, the Supreme Court limits federal protection for wetlands in a property rights case, saying the Clean Water Act does not usually apply to the marshy areas.
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 ...
In 2023, the Wetlands Workgroup released a new tracking system, Habitat Tracker, that allows data for all created, restored and enhanced wetlands to be reported. However, due to this reporting ...
Virginia has a total area of 42,774.2 square miles (110,784.67 km 2), including 3,180.13 square miles (8,236.5 km 2) of water, making it the 35th-largest state by area. [1] Forests cover 65% of the state, wetlands and water cover 6% of the land in the state, while 5% of the state is a mixture of commercial, residential, and transitional. [2]
Wetland loss between 2009 and 2019 accelerated by more than 50% from the five prior years. And a new U.S. Supreme Court ruling raises more concerns. Wetlands provide $23 billion in flood control ...