Why are some in government and industry attempting to redefine what a credit is after 30 years of proven success in the Mitigation Banking Industry.
Mitigation Banking and mitigation banking credits created under Section 404 of the Clean Water Act provide long-proven examples of creating high-quality ecological offsets for resources damaged unavoidably by development.
If we look at the recent plight of the voluntary carbon credit market you will see a prime example of ‘fast and cheap’ credits that threaten our industry.
The demand for voluntary carbon offset credits has now stalled following widespread doubts that the credits served to reduce emissions, according to Reuters News.
NEBA, The Trusted Voice of the Mitigation Banking Industry, address this in a resent post outlining the efforts by those who wish to undermine the quality of environmental credits.
The risk of 'fast and cheap' credits and the 'race to the bottom' is real and threatens our important environmental industry.
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