Mitigation Banking is the preservation, enhancement, restoration or creation of a wetland which offsets, or compensates for, expected adverse impacts to similar nearby ecosystems.
“Mitigation Banking helps in preserving the diversity of nature. It helps in balancing the negative effect of growing industrialization on wetlands, natural habitats, and streams to a greater extent. Moreover, the economies of scale and technological expertise of mitigation banking raise its efficiency in terms of cost as well as the quality of restored acreage.”
Mitigation Banks have been previously degraded by ditching, cattle grazing, planted pine plantation, exotic species invasion, and prolonged fire suppression, resulting in significantly degraded wetland habitats.