Mitigation Banking
Subtitle: Theory And Practice
Contributors: John De Grove (Foreword); David Salvesen (Editor); Lindell L. Marsh (Editor); Douglas R. Porter (Editor)
Edition: 1 edition
Publisher: Island Press
Published: June 1, 1996
Language: eng
Format: Paperback
Number of pages: 315
ISBN-13: 9781559633710
Subjects: Banking; Environmentalist thought & ideology; Wetlands Conservation; Environmental Studies; Business And Society; Environmental Science; Wetland mitigation banking; Science/Mathematics; Wetland conservation; Real Estate - General; Banks & Banking; Nature / Environmental Conservation & Protection
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.
Description: 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, and describe the practice of developing and operating a mitigation bank.