According to analysis of ORM2 data received under FOIA from the U.S. Army Corps of Engineers, those seeking environmental permits are best to use Mitigation Banks in answering the need for mitigation. Purchasing credits from a Mitigation Bank cuts permitting time in half when considering other forms of offset.
This new analysis from the National Environmental Banking Association (NEBA) shows that undertaking permittee-responsible mitigation is by contrast the slowest option for obtaining most permits required when compensating for unavoidable losses under Section 404 of the Clean Water Act.
Learn More about all the benefits of Mitigation Banking for private industry by Contacting NEBA.
The National Environmental Banking Association (NEBA) is a professional organization focused on integrity, transparency, and accountability, promoting the highest standards in the environmental banking industry. Its members include mitigation banking professionals, industry vendors, and government officials, ensuring cost-effective outreach and support. Joining NEBA benefits you and your business, helping to grow the industry and improve
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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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