Private Mitigation Banks

Private mitigation banks are privately operated ecosystems, such as wetlands or forests, that are established to compensate for environmental impacts caused by development. When a developer's project harms natural habitats, they can purchase credits from these banks to offset their damage, ensuring conservation goals are met. The banks are designed, maintained, and managed by private entities and must adhere to regulatory standards. This system allows for more efficient, predictable, and consistent mitigation, balancing development needs with environmental protection while providing private investment opportunities in conservation.