Species Banking

Species banking is an environmental conservation method where organizations create and manage credits based on the protection or restoration of species and their habitats. Similar to carbon credits for reducing greenhouse gases, a species bank allows landowners and developers to buy credits to offset their impact on local ecosystems. The idea is to encourage investment in biodiversity by ensuring that any loss of species in one area can be balanced by preservation efforts elsewhere, promoting overall ecological health and sustainability. This approach helps protect threatened species while facilitating responsible development.