By David Salvesen, Lindell L. Marsh, Douglas R. Porter, John De Grove
Mitigation banking is an idea which permits builders to make amends for harm to the surroundings. This e-book offers either an outline and real-life case reports of constructing and working a mitigation financial institution.
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Extra resources for Mitigation Banking: Theory And Practice
S. Fish and Wildlife Service and other federal and state resource agencies) through permit writing (the Corps of Engineers and state water control agencies) to veto power (EPA). By establishing requirements, such as sequencing or proximity restrictions, that determine whether banking will be an acceptable form of mitigation in specific cases, the permitting agencies effectively create the market for mitigation banking and exert substantial control over the regulatory climate in which banking will occur.
McElfish Jr. and Sara Nicholas disliked by many developers. Sequencing now requires the avoidance and minimization of impacts on-site before allowing compensatory mitigation. However, sequencing can serve valuable ecological functions in many settings by preserving the operation of functioning wetland systems in specific places on the landscape. A wholesale reliance on wetland mitigation banks in lieu of other wetland protection tools would be as inappropriate, in its own way, as a blanket prohibition on wetland banking.
A related issue is what to do with constructed but unsold credits that are destroyed. Probably the best approach is not to recognize them as available unless they (and the rest of the bank) are rehabilitated. Thus, the credit producer bears the risk of loss for any unsold credits. However, the interagency guidelines for wetland mitigation banking prepared by the Corps of Engineers’ Galveston District make no one responsible for failed or destroyed credits. The guidelines provide that “once the credits have been established, they will remain until all of the credits have been withdrawn.