Concept information
Preferred term
conservation banking
Type
-
Topic
Definition
-
The application of the "mitigation" or "offset" approach to endangered species. When developers expect to harm an endangered species (whether listed at the federal or state level), they must "offset" or "mitigate" the damage through the creation of similar habitat elsewhere. Developers can mitigate by purchasing new property or modifying existing landholdings to support the impacted species.
Broader concept
Synonyms
- biodiversity banking
- habitat banking
- mitigation banking
In other languages
-
Spanish
URI
https://lod.nal.usda.gov/nalt/286471
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