Environmental Law Institute Study on Mitigation Banking Released
October 19, 2007
Mitigation of Impacts to Fish and Wildlife Habitat: Estimating Costs and Identifying Opportunities
The Environmental Law Institute releases the first major study to quantify the total volume of the US wetland mitigation banking market, estimated to be up to $3.8 billion annually.
Environmental Law Institute
Every year, human activities cause significant harm to fish and wildlife habitat and the environment. Many of the impacts to these natural resources are never addressed. In certain cases, however, federal, state, and local laws and programs can require monetary or in-kind compensation for these impacts. A new ELI report, “Mitigation of Impacts to Fish and Wildlife Habitat: Estimating Costs and Identifying Opportunities,” estimates that private and public expenditures for such compensation under key federal programs total up to $3.8 billion annually.