The National Environmental Banking Association (NEBA) shares the interest of the U.S. Army Corps of Engineers (USACE) and others to ensure appropriate environmental offsets are available for unavoidable impacts as someone trillion dollars in infrastructure starts to move to ground. While tens of thousands of impact actions are processed annually a mere 100 or so mitigation banking permits see approval according to most recent data.
USACE studies and data show that USACE is very slow to process Mitigation Banking Instruments slowing the permitting for ecological restoration at scale – the preferred form of mitigation since 2008.
In 2022, NEBA is shifting focus in support of more efficient permitting for mitigation bankers across the U.S. NEBA will be in consistent contact with USACE HQ, U.S. Congressional representatives, and other senior policy-makers through the coming year – working to support the long-standing initiative for ‘no net-loss’ of our wetlands – and increasingly focused on efficient MBI permitting on behalf of our membership.
If you thought it was taking a long time to process your application, READ THE CORPS STUDY, which reveals some of the challenges.
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.
Read MoreAccording 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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