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Mitigation Banking: Theory And Practice
 
 
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Mitigation Banking: Theory And Practice [Paperback]

David Salvesen (Editor), Lindell L. Marsh (Editor), Douglas R. Porter (Editor), John De Grove (Foreword)

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Book Description

1559633719 978-1559633710 June 1, 1996 1
Under the Clean Water Act, development that results in the permanent destruction of wetlands must, in most cases, be mitigated by the creation of a new wetland or the restoration of a degraded one. In recent years, the concept of "mitigation banking" has emerged. Rather than require developers to create and maintain wetlands on their own on a quid pro quo basis, mitigation banking allows them to pay for wetlands that have been created and maintained properly by others to compensate for their damage.The contributors to this volume provide an overview of mitigation banking experience in the United States, examine the key issues and concerns -- from providing assurances to determining the value of credits -- and describe the practice of developing and operating a mitigation bank. Topics include: history and current experience of mitigation banking policies and concerns of local, state, and federal agencies economics of mitigation banking funding, management, and operation of banks starting a mitigation bank

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Inside This Book (learn more)
First Sentence:
The idea of mitigation banking was born in the 1970s, based on the need for a simpler way to mitigate the loss of wetlands caused by development projects, as required by laws such as the federal Clean Water Act (CAW) of 1972. Read the first page
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Clean Water Act, Florida Wetlandsbank, United States, Army Corps of Engineers, Environmental Protection Agency, Environmental Law Institute, Millhaven Plantation, New Jersey, Chesapeake Bay, Endangered Species Act, New York, South Florida Water Management District, Pembroke Pines, World Wildlife Fund, Bank of America, Department of the Army, Florida Department of Environmental Regulation, National Environmental Policy Act, National Wildlife Federation, Regulatory Guidance Letter, Wetland Evaluation Technique, Coastal Zone Management Act, Increasing Our Wetland Resources, Managing Private Lands, North America
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