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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 ...
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.
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 ...
The most common mechanism for compensatory mitigation in the United States is mitigation banking - a concept that has since been expanded to create other forms of biodiversity banking, such as conservation banking and habitat banking. [38] Mitigation banking is a market-based system to compensate for manipulation of wetlands (or other aquatic ...
Environmental mitigation refers to the process by which measures to avoid, minimise, or compensate for adverse impacts on the environment are applied. [1] In the context of planning processes like Environmental Impact Assessments, this process is often guided by applying conceptual frameworks like the "mitigation hierarchy" or "mitigation sequence". [2]
As of 2023, it has increased due to high fossil fuel prices and growing policy support across various nations. [1] Climate finance is an umbrella term for financial resources such as loans, grants, or domestic budget allocations for climate change mitigation, adaptation or resiliency. Finance can come from private and public sources.
"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)."
Loss mitigation. Loss mitigation[1] is used to describe a third party helping a homeowner, a division within a bank that mitigates the loss of the bank, or a firm that handles the process of negotiation between a homeowner and the homeowner's lender. Loss mitigation works to negotiate mortgage terms for the homeowner that will prevent foreclosure.