
Mitigation banking
Mitigation banking refers to the practice of preserving, creating, restoring or enhancing wetland or other natural habitats to offset the adverse impacts of development activities. The concept of mitigation banking has been developed as a market-based approach to help mitigate the negative impacts of development projects on the environment. The main aim of mitigation banking is to create a system that balances economic growth and environmental protection by allowing developers to compensate for the environmental harm caused by their activities.