Conservation banking provides a major opportunity for the protection of wildlife or wetland resources while simultaneously allowing commercial or other land use. conservation banks are conserved and permanently managed for (for instance) species that are endangered, threatened, candidates for listing as endangered or threatened, or are otherwise species-at-risk. Conservation banks function to offset adverse impacts to these species that occurred elsewhere, sometimes referred to as off-site mitigation. In exchange for permanently protecting the land and managing it for these species, the U.S. Fish and Wildlife Service (FWS) approves a specified number of habitat or species credits that bank owners may sell.
RESOLVE supports conservation banking as an innovative and cooperative planning tool. RESOLVE staff can help in several aspects of the process:
- Negotiations of overall bank structure and valuation
- Certification and monitoring
- Conservation Plans (e.g. for endangered species)
- Selling and purchasing of credits
- Stakeholder engagement
Currently RESOLVE is engaged in two Conservation Bank negotiations (for a state-wide program, and for a private client).