Learn how UMAM evaluations determine the condition of wetland communities. Discover how these scores influence your need for wetland mitigation credits and what steps are essential before you proceed with any development projects.
From water quality to habitat preservation, learn how the Three Pillars of ‘No Net Loss’—Life, Land, and Chemistry—shape wetland health and contribute to effective watershed management.
Florida plans to increase wetland mitigation banks, and the Mitigation Banking Group is at the forefront of this exciting trend. Learn why more banks are crucial for balancing environmental preservation and economic growth
Discover key insights into the mitigation bank approval process in our latest joint report with EPIC. The Phase II analysis reveals bottlenecks and provides actionable recommendations to streamline approvals. In-depth interviews with 19 mitigation bank sponsors included.
Fungible Assets Driving Mitigation Success and Innovation in Florida In Florida, where rapid development is a constant, the urgency to strike a balance between progress and environmental preservation is palpable. Environmental offsetting emerges as the solution, ensuring that for every detrimental environmental impact, a corresponding positive action restores balance elsewhere. As industries grow and landscapes change, fungible assets like mitigation credits become essential tools in this endeavor. Through ecosystem marketplaces like mitigation banking, fungible assets play a role
The National Environmental Banking Association (NEBA) has recently alerted senior government officials and industry that more than two years of persistent regulatory slow-downs and few Mitigation Banking Instrument (MBI) approvals by the U.S. Army Corps Mitigation Program has led to a significant backlog of projects without needed go-aheads to conserve, restore and protect. This graph displays the 419 Mitigation Banks currently awaiting approval by the Corps/IRTs across the various Districts. Some of these MBI’s have been pending for as much as
Clean Water Act in Florida The recent ruling by the U.S. Supreme Court in Sackett v. EPA has sparked concerns about the future of wetlands protection in Tampa Bay, Florida. This decision redefines the scope of protected wetlands under the Clean Water Act, with isolated wetlands now exempt from federal protection. We explore what this decision means for Florida’s environment and the stance of various stakeholders, drawing insights from the original article by Jack Prator from the Tampa Bay
National Wetland Inventory Wetlands are vital resources for habitat and water quality. To protect them for future generations, the state and federal agencies requires people who plan to remove or add material to wetlands (or waterways) to get a permit. But how do we determine if a patch of land is a wetland? The National Wetlands Inventory (https://fwsprimary.wim.usgs.gov/wetlands/apps/wetlands-mapper/) is the best place to start for approximating where wetlands might be located. However, sometimes onsite assessment by a qualified wetland professional is
Mitigation Banking Industry Insights: U.S. House of Representatives Encourages Streamlined Approval of Bank Credits Last week saw significant developments in the mitigation banking industry as the full Appropriations Committee approved the U.S. House of Representatives FY2024 Energy & Water Development Appropriations Report. A notable section of the report underlines the potential of mitigation banks to expedite project delivery. Highlighting the Potential of Mitigation Banks According to the approved language in the report, the Committee acknowledges the promise mitigation banks hold for accelerating project
In many ways, the mitigation banking industry is one of the first environmental markets, as well as one of the pioneers of offsetting and ecosystem valuation. Looking at how we have done it gives a foundation from where things will grow. As the oldest environmental market in the United States, our methods for environmental valuation is a good place to start that understanding. We used to get rid of wetlands, what changed? Our understanding of the importance of