The Original Eco Friendly & Sustainable Living Portal (since 2009)
habitat banking, definition of
- Habitat Banking
- In a similar manner to carbon offsets, in habitat banking landowners are
encouraged to restore degraded land or protect virgin forest to enhance its
conservation values.
In return, the landowner is permitted to sell credits to national or international companies or developers, enabling them to satisfy legal requirements compensating for the environmental impacts of their development projects in the region or elsewhere.
Although big in the US, where there is a $3bn market, habitat banking's global reach is nowhere near the size of carbon offsets.
Potential for schemes is particularly high in Central and South America, although concerns remain over monitoring and proving how effective projects really are.
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What is habitat banking?
habitat banking definition.
About habitat banking.