Mitigation Banking
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Mitigation Banking
Mitigation banking is the preservation, enhancement, restoration or creation (PERC) of a wetland, stream, or habitat conservation area which offsets, or compensates for, expected adverse impacts to similar nearby ecosystems. The goal is to replace the exact function and value of specific habitats (i.e. biodiversity, or other ecosystem services) that would be adversely affected by a proposed activity or project. The public interest is served when enforcement agencies require more habitat as mitigation, often referred to as a mitigation ratio, than is adversely impacted by management or development of nearby acreage. Wetland Mitigation Credits do not convey any interest in the real estate that hosts the mitigation bank. Wetland Credits are treated, for accounting purposes, as intangible personal property. Mitigation banking in the US Policies In the United States, federal agencies (undesection 404of the Clean Water Act), as well as many state and local governments, require mitig ...
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Wetland
A wetland is a distinct ecosystem that is flooded or saturated by water, either permanently (for years or decades) or seasonally (for weeks or months). Flooding results in oxygen-free (anoxic) processes prevailing, especially in the soils. The primary factor that distinguishes wetlands from terrestrial land forms or Body of water, water bodies is the characteristic vegetation of aquatic plants, adapted to the unique anoxic hydric soils. Wetlands are considered among the most biologically diverse of all ecosystems, serving as home to a wide range of plant and animal species. Methods for assessing wetland functions, wetland ecological health, and general wetland condition have been developed for many regions of the world. These methods have contributed to wetland conservation partly by raising public awareness of the functions some wetlands provide. Wetlands occur naturally on every continent. The water in wetlands is either freshwater, brackish or seawater, saltwater. The main w ...
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United States Environmental Protection Agency
The Environmental Protection Agency (EPA) is an independent executive agency of the United States federal government tasked with environmental protection matters. President Richard Nixon proposed the establishment of EPA on July 9, 1970; it began operation on December 2, 1970, after Nixon signed an executive order. The order establishing the EPA was ratified by committee hearings in the House and Senate. The agency is led by its administrator, who is appointed by the president and approved by the Senate. The current administrator is Michael S. Regan. The EPA is not a Cabinet department, but the administrator is normally given cabinet rank. The EPA has its headquarters in Washington, D.C., regional offices for each of the agency's ten regions and 27 laboratories. The agency conducts environmental assessment, research, and education. It has the responsibility of maintaining and enforcing national standards under a variety of environmental laws, in consultation with state, tr ...
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Habitat Management Equipment And Methods
In ecology, the term habitat summarises the array of resources, physical and biotic factors that are present in an area, such as to support the survival and reproduction of a particular species. A species habitat can be seen as the physical manifestation of its ecological niche. Thus "habitat" is a species-specific term, fundamentally different from concepts such as environment or vegetation assemblages, for which the term "habitat-type" is more appropriate. The physical factors may include (for example): soil, moisture, range of temperature, and light intensity. Biotic factors will include the availability of food and the presence or absence of predators. Every species has particular habitat requirements, with habitat generalist species able to thrive in a wide array of environmental conditions while habitat specialist species requiring a very limited set of factors to survive. The habitat of a species is not necessarily found in a geographical area, it can be the interior ...
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Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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Drainage Basin
A drainage basin is an area of land where all flowing surface water converges to a single point, such as a river mouth, or flows into another body of water, such as a lake or ocean. A basin is separated from adjacent basins by a perimeter, the '' drainage divide'', made up of a succession of elevated features, such as ridges and hills. A basin may consist of smaller basins that merge at river confluences, forming a hierarchical pattern. Other terms for a drainage basin are catchment area, catchment basin, drainage area, river basin, water basin, and impluvium. In North America, they are commonly called a watershed, though in other English-speaking places, "watershed" is used only in its original sense, that of a drainage divide. In a closed drainage basin, or endorheic basin, the water converges to a single point inside the basin, known as a sink, which may be a permanent lake, a dry lake, or a point where surface water is lost underground. Drainage basins are similar ...
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Tom Tietenberg
Thomas Harry (Tom) Tietenberg (born 21 October 1942) is an American economist and environmentalist, and Emeritus Professor at Colby College, known for his work in the field of resource-based economy. Biography Born in 1942 to Harry Hall and Florence Elaine (Moxley) Tietenberg, Tietenberg obtained his BA in International Affairs at the United States Air Force Academy in 1964. The next year he obtained his MA in Economics from the University of the East. In 1970 he obtained another Msc from the University of Wisconsin–Madison, where in 1971 he also obtained his PhD in economics.Thomas H. Tietenberg
Colby College. Accessed 26-05-2017
After his graduation Tietenberg started his academic career in 1971 as assistant professor in economics at

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Loss Of Habitat
Habitat destruction (also termed habitat loss and habitat reduction) is the process by which a natural habitat becomes incapable of supporting its native species. The organisms that previously inhabited the site are displaced or dead, thereby reducing biodiversity and species abundance. Habitat destruction is the leading cause of biodiversity loss. Fragmentation and loss of habitat have become one of the most important topics of research in ecology as they are major threats to the survival of endangered species. Activities such as harvesting natural resources, industrial production and urbanization are human contributions to habitat destruction. Pressure from agriculture is the principal human cause. Some others include mining, logging, trawling, and urban sprawl. Habitat destruction is currently considered the primary cause of species extinction worldwide. Environmental factors can contribute to habitat destruction more indirectly. Geological processes, climate change, introdu ...
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No Net Loss
"No net loss" is the United States government's overall policy goal regarding wetlands preservation. The goal of the policy is to balance wetland loss due to economic development with wetlands land reclamation, reclamation, mitigation, and ecological restoration, restorations efforts, so that the total acreage of wetlands in the country does not decrease, but remains constant or increases. To achieve the objective of no net loss, the federal government utilizes several different Environmental policy of the United States, environmental policy tools which legally protect wetlands, provide rules and regulations for citizens and corporations interacting with wetlands, and incentives for the preservation and conservation of wetlands. Given the public benefits provided by wetland ecosystem services, such as flood control, nutrient farming, habitat, water filtration, and recreational area, the estimations that over half the acreage of wetlands in the United States has been lost within the l ...
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Public Interest
The public interest is "the welfare or well-being of the general public" and society. Overview Economist Lok Sang Ho in his ''Public Policy and the Public Interest'' argues that the public interest must be assessed impartially and, therefore, defines the public interest as the "''ex ante'' welfare of the representative individual." Under a thought experiment, by assuming that there is an equal chance for one to be anyone in society and, thus, could benefit or suffer from a change, the public interest is by definition enhanced whenever that change is preferred to the status quo ''ex ante''. This approach is "''ex ante''", in the sense that the change is not evaluated after the fact but assessed before the fact without knowing whether one would actually benefit or suffer from it. This approach follows the "veil of ignorance" approach, which was first proposed by John Harsanyi but popularized by John Rawls in his 1971 ''Theory of Justice''. Historically, however, the approach ca ...
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US Army Corps Of Engineers
, colors = , anniversaries = 16 June (Organization Day) , battles = , battles_label = Wars , website = , commander1 = LTG Scott A. Spellmon , commander1_label = Chief of Engineers and Commanding General of the U.S. Army Corps of Engineers , commander2 = MGbr>Richard J. Heitkamp, commander2_label = Deputy Chief of Engineers and Deputy Commanding General , commander3 = MGKimberly M. Colloton, commander3_label = Deputy Commanding General for Military and International Operations , commander4 = MGbr>William H. Graham, commander4_label = Deputy Commanding General for Civil and Emergency Operations , commander5 = COLbr>James J. Handura, commander5_label = Chief of Staff for the U.S. Army Corps of Engin ...
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Endangered Species
An endangered species is a species that is very likely to become extinct in the near future, either worldwide or in a particular political jurisdiction. Endangered species may be at risk due to factors such as habitat loss, poaching and invasive species. The International Union for Conservation of Nature (IUCN) Red List lists the global conservation status of many species, and various other agencies assess the status of species within particular areas. Many nations have laws that protect conservation-reliant species which, for example, forbid hunting, restrict land development, or create protected areas. Some endangered species are the target of extensive conservation efforts such as captive breeding and habitat restoration. Human activity is a significant cause in causing some species to become endangered. Conservation status The conservation status of a species indicates the likelihood that it will become extinct. Multiple factors are considered when assessing the ...
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Habitat Conservation
Habitat conservation is a management practice that seeks to conserve, protect and restore habitats and prevent species extinction, fragmentation or reduction in range. It is a priority of many groups that cannot be easily characterized in terms of any one ideology. History of the conservation movement For much of human history, ''nature'' was seen as a resource that could be controlled by the government and used for personal and economic gain. The idea was that plants only existed to feed animals and animals only existed to feed humans. The value of land was limited only to the resources it provided such as fertile soil, timber, and minerals. Throughout the 18th and 19th centuries, social views started to change and conservation principles were first practically applied to the forests of British India. The conservation ethic that began to evolve included three core principles: 1) human activities damage the environment, 2) there was a civic duty to maintain the environment ...
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