The National Environmental Banking Association monitors and responds to ill-formed and non-compliant 'mitigation banking projects' aiming to undermine quality environmental offsets and discard long-held concepts. These new issues that are being introduced to our industry and environment will be directly addressed.
NEBA will examine how the voluntary carbon market contributed to its demise, highlight a few outlier "mitigation banking projects," and keep pushing for superior environmental mitigation in Congress and elsewhere.
There seems to be a new 'Race to the Bottom' going on, backed by some in business and government who want quick access to inexpensive offsets for the inevitable damage on the country's waters. Despite the clear costs of "fast and cheap" to our shared environment, this pursuit continues. As a result, there will be fewer investments made in environmental restoration, site monitoring, site protection, and project maintenance, which will ultimately lead to more project failures. Additionally, the mitigating banking sector itself could suffer from this new race to the bottom.
Read all about it through our series titled "Race To The Bottom”
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