RIBITS, the Regulatory In-lieu fee and Bank Information Tracking System is well known among the mitigation banking and conservation banking community. The website that tracks mitigation and conservation banks across the nation for the U.S. Army Corps of Engineers (USACE) and other federal agencies.
The website recently released news touting it’s standards for transparency and accountability mentioning a recent acknowledgement by the White House at the Environmental Permitting Technology and Data Summit. More here RIBITS: Enhancing Transparency and Accountability in Compensatory Mitigation | Article | The United States Army
“This acknowledgment highlights the importance of facilitating environmental permitting to achieve clean energy and infrastructure goals," explained Valerie Layne, a USACE-IWR project manager at the Water Resources Center who oversees RIBITS operations. “I thought it was great for RIBITS to be acknowledged in this important national forum as a useful tool in the permitting process. I see it as an opportunity to further modernize RIBITS and improve on its interoperability with other Regulatory systems…to further facilitate USACE’s Regulatory permitting processes,” she added.
Enabling real environmental offset for efficient, cost-effective permitting is the work of mitigation and conservation banking.
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