This NEW whitepaper highlights recommendations for government officials and agencies for improving implementation of the 2008 Mitigation Rule (Rule) for compensatory mitigation.
These suggestions follow a careful study of data provided by the U.S. Army Corps of Engineers and the U.S. Environmental Protection Agency for Section 404 of the Clean Water Act.
The National
Environmental Banking Association (NEBA) considers these improvements vital for
the continued development of high-quality mitigation banking.
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.
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According 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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