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Habitat
Credit Trading Offers Conservation Incentives
Compiled
By
The USDA Natural Resources Conservation Service, Department of the
Interior Fish and Wildlife Service, and Association of Fish and Wildlife
Agencies are partnering to evaluate endangered species habitat credit
trading.
Directors from each group signed an agreement Friday agreeing to explore
ways to coordinate programs and activities to assist habitat credit
trading markets as way to increase the conservation of endangered or
at-risk species habitat.
"Habitat credit trading is a great way to restore, protect and
promote conservation of lands that are home to endangered species,"
says NRCS Chief Arlan Lancaster. "We all benefit from healthy
ecosystems. Allowing landowners to earn additional revenue for their
conservation efforts is the future of sound environmental
stewardship."
Habitat credit banks act much like a savings account but instead of
money, credits are earned for land preservation of the habitat. The
credits can then be sold to land use industries or others, who are
required to mitigate the loss of habitat by the Endangered Species Act
and other laws that restrict or prohibit development. This approach aims
to offer incentives to landowners who preserve and enhance the habitat
of endangered or at-risk species. While preserving habitat, landowners
can profit by selling credits to parties who need to compensate for
environmental impacts.
For more information on the market based approach and the NRCS strategic
plan please go online to: www.nrcs.usda.gov/about/strategicplan/
or for FWS guidelines on conservation banks visit endangered.fws.gov/policies/conservation-banking.pdf.
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