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Navigating Mitigation Banking for Development Projects About MitigationBankSearch.com Have you just bought a property that you were hoping to build on and found that a wetland habitat is on the property? Is a regulatory agency telling you that you will have to calculate the impacts that your development will have on the wetland and that you will have to purchase mitigation credits for those impacts? Mitigation Banking Group simplifies the process, explaining the steps to take and help you purchase those

Proximity Factor Tool – Out of Basin Compensatory Mitigation The proximity factor tool is utilized to determine the amount of compensatory mitigation required to offset unavoidable impacts to waters of the United States in areas outside the impact 8-digit Hydrologic Unit Code (HUC), ecoregion, or approved mitigation bank and in-lieu fee service areas, etc. The use of an out-of-basin mitigation bank may be considered if there are no federal credits available within the basin/HUC. A mitigation bank’s MBI must contain language that states

Fungible Assets Offset Environmental Impacts Mitigation Credits are part of a thriving ecosystem marketplace. These fungible assets can give return on investment and make the polluter pay–a principle enshrined in climate change agreements worldwide. This industry addresses the cross-sector interests of urban planning and natural resource management. At its core, it seeks to balance human health and biodiversity. It allows for the planning of our built environment alongside the replenishment of our water systems and species habitat. Conservation Economics allows private equity investments into

The Big List of Mitigation Banking Regulations and Guidelines When it comes to mitigation banking, we are going to break down the federal agencies and laws that create this program. A few states, like Florida, have their own Section 404 programs in addition to the federal one and details specific to the Florida program can be found over here.  Don’t skip over just yet! While Florida does have its own 404 program,

Mitigation Banking 101: How Does Mitigation Banking Work? Mitigation banking is a market-based solution to natural resource management. The industry moves private equity, and not taxpayer money, into ecosystem preservation and restoration. The program originated over loss of the wetland ecosystem and has since grown to mitigate habitat loss for endangered species and water quality metrics. Mitigation banking is one mechanism for management in the nature resource portfolio, which includes government-funded strategies and other private efforts to restore

Wetland Mitigation Banking Clean Water Act Section 404 HOW DID WE GET HERE? In the 1960’s the Federal Government encouraged land drainage and wetland destruction In 1970’s, increasing awareness that wetlands are valuable areas that provide important environmental functions.   In 1970, the Environmental Protection Agency (EPA) was implemented to govern environment protection standards In 1972, The Clean Water Act was established to ADDRESS Water quality standards of: WATER POLLUTION Eliminating discharge of untreated wastewater   Section 404 of CWA Requires a permit before impacts are made to a waterbody, including