MITIGATION BANKING: AN OVERVIEW

Mitigation banking is an environmental process where organizations restore, create, or enhance wetlands or habitats to compensate for unavoidable ecological impacts caused by development projects. Instead of individual projects restoring or protecting these areas, mitigation banks serve as dedicated sites that generate "credits." Developers can purchase these credits to fulfill legal requirements, ensuring ecological functions are maintained or improved. This system promotes strategic, large-scale habitat restoration, reduces project delays, and encourages proactive environmental stewardship by balancing development needs with ecological preservation.