Rumors and hearsay may sometimes dominate an industry. Some may quote studies or stats unsupported by data. Ongoing lack of market transparency means increased risk for investors. Projects run forward in unquantified markets. How do we avoid all of this? Two words - Big Data.
NEBA's Michael Sprague and Lisa Marr recently presented the Annual State of the Mitigation Markets at the National Mitigation and Ecosystem Banking Conference. Using charts, graphs and maps reduced from some 45 million data points, the 60-minute conference session also featured representatives of the U.S. Army Corps of Engineers and the U.S. Fish & Wildlife Service.
Watch 2020 Status & Trends - The State of the Mitigation Banking Markets
The mitigation banking industry is at a pivotal moment. Regulatory shifts, evolving interpretations of the 2008 Mitigation Rule, and increasing pressure from alternative mitigation programs are reshaping the landscape. In this environment, a unified voice is not just beneficial—it’s essential. That’s where membership in the National Environmental Banking Association (NEBA) makes a difference.
Read MoreAccording to US Army Corps of Engineers (USACE) data, there are more than 8 million Advance Mitigation Credits sitting on the ledgers of the many dozens of In-Lieu Fee (ILF) Programs across the United States today, nearly all of which are exempt from any financial assurance that the mitigation projects will actually be performed.
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