financial institutions in mitigation banking

Financial institutions in mitigation banking are organizations that provide funding or financial services to support environmental restoration projects. These banks help finance the creation, management, or preservation of habitats like wetlands or streams that have been damaged or destroyed. By investing in mitigation banks, they enable developers to obtain necessary environmental credits for their projects, ensuring ecological goals are met while facilitating economic development. Essentially, these institutions act as financial enablers, bridging the gap between environmental needs and project requirements, fostering sustainable development through targeted investments.