A white paper recently released by the National Mitigation Banking Association provides critical guidance for seven universal principles of compensatory mitigation regardless of regulatory authority. While environmental offsets would likely be as diverse as the impacts themselves, consistent mitigation standards should be applied to all mitigation to assure the offset is fully provided in function over time. This free concise resource for government, non-profits, and industry was authored to support high environmental standards and to enable increasingly streamlined permitting. >Download White Paper via Universal Principles of Compensatory Mitigation by NMBA
Michael Sprague of Trout Headwaters, Inc. was recently elected President of the National Mitigation Banking Association’s (NMBA) board of directors at the association’s annual meeting and conference held in Orlando, Florida.
The 15-member board is made up of environmental professionals from across the U.S. working to support and enable stream, wetland and habitat restoration. NMBA works to satisfy federal wetland and stream requirements within the Clean Water Act, federal species mitigation requirements within the Endangered Species Act, as well as biodiversity and other conservation needs for private and public lands.
“We are thrilled Mike has agreed to lead the association this year,” said NMBA’s immediate past-president Wayne White of Sacramento, California. “Mike’s tireless work on the board the last few years, especially last year as vice president working on strategies for data analysis, industry tax incentives, marketing and growth of our association, and improving regulation and regulatory review has been a tremendous help in solidifying the NMBA’s standing with Government and Regulatory agencies throughout the nation, ” he said.
Restoration, enhancement, and preservation of important wetlands, streams, or other habitats are the backbone of the industry. Sprague’s company, Trout Headwaters, Inc. has pioneered sustainable approaches to stream, wetland, and habitat renewal and repair since 1995.
“I’m humbled and honored to be asked to help lead the National Mitigation Banking Association Board at a time when our industry’s work is so valued by both government and the conservation community. My fellow board members and NMBA’s broader membership have proven to be fine industry stewards, all giving of their time and extensive expertise to help restore and protect water and vital species habitat throughout the U.S.” More via Ecosystem Marketplace
The NMBA brings together leaders who are committed to restoring and conserving America’s wetlands, streams, and other habitat resources – a concept that unites sound economic and environmental practices. First established in 1998, the organization promotes federal legislation and regulatory policy that encourages mitigation banking as a means of compensating for adverse impacts to our nation’s environment.
To learn more about NMBA http://www.mitigationbanking.org
For more on Trout Headwaters, Inc. http://www.troutheadwaters.com
Investopedia explores mitigation banking in a smart, concise piece about the system of credits and debits devised to ensure that ecological loss to wetlands, streams and species is compensated for by the restoration and preservation of wetlands, streams and natural habitats, in other areas so that there is no net loss to the environment. To mitigate means to reduce the severity of something, in this case, the damage caused to the environment.
“According to NMBA (National Mitigation Banking Association), mitigation banking is defined as “the restoration, creation, enhancement, or preservation of a wetland, stream, or other habitat area undertaken expressly for the purpose of compensating for unavoidable resource losses…”
American Conservation Experience is currently at work in the state of New Jersey, restoring a wetland area along the Mullica River. The project is a collaboration of for-profit and non-profit organizations: GreenVest LLC is the sponsor and experienced leader in ecosystem restoration projects; Trout Headwaters Inc is a Montana-based industry leader in sustainable stream, wetland, and habitat restoration; and the New Jersey Youth Corps, a ‘second-chance’ program which offers youth aged between 16-25 the opportunity to both earn a high school-equivalent qualification, and gain work skills, through meaningful community service. The collaboration is a result of an important public-private partnership intended to train the next generation of conservation stewards. >Read More
The NEW comprehensive State of the Markets report for Wetland, Stream and Species Conservation Banking shows ecosystem market trends, regional breakdowns, credit transactions, permitting trends and more for this fast-growing industry. The low-cost, high-value report provides more than 30 charts, graphs and maps detailing the mitigation and conservation banking industry across the U.S. through 2014. See Report Details> State of the Market Specifications.
“An up-to-date, valuable and comprehensive tool for anyone in the mitigation and/or conservation banking business.” – Rich Mogensen, Mogensen Mitigation
And for those looking to move their work to a new level, this latest report has been released with a FREE fully interactive 30-day DEMO for www.ecobluanalyst.com enabling you to drill down on any of the various markets or even explore emerging market-based conservation opportunities. See > Top Ten Reasons for Using EcoBlu Analyst. This bundled report AND data capability is unlike anything else in the space today and available for your immediate download and use. >Subscribe
The 2015 National Mitigation & Ecosystem Banking Conference will be held in Orlando, Florida May 4-8. Founded in 1997 with a diverse steering committee of regulators, bankers and environmentalist, this is the first – and only – National hands-on conference for mitigation, conservation and ecosystem banking that focuses on banking to protect wetlands, endangered species and other natural resources.
We hope you’ll make plans to attend the Friday morning Regulatory Update moderated by Michael Sprague, President of Trout Headwaters, Inc and featuring officials from the National Oceanic and Atmospheric Administration, Federal Highway Administration, U.S. Fish & Wildlife Service, U.S. Environmental Protection Agency, and U.S. Army Corps of Engineers. >See Detailed Agenda http://www.mitigationbankingconference.com/mitigation_agenda.htm or >Register for the conference http://www.mitigationbankingconference.com/mitigation_registration_fees.htm
Building on this year’s success, the National Mitigation & Ecosystem Banking Conference is moving into its 18th year with a refreshing focus on improved content and moderated exchanges. This year’s National Conference (in Orlando) is currently seeking cohesive panel presentations and individual presentations that offer timely and new information. Deadline for submittal is October 1, 2014.
All submissions should relate to mitigation banking, conservation, species, habitat banking or ecosystem banking and alternatives as indicated in the variety of topics below. Submissions should come from experienced regulators, mitigation and conservation bankers, customers/users of banks, investors, local, state, federal governments, environmental organizations, consultants, engineers, academia and others who have direct experience in the expanding mitigation, conservation and ecosystem banking industry.
Preference will be given to those with data, actual results, or research that support their presentation. Presentations may not be commercial and must be educational. It’s easy to submit — click SUBMIT and follow the prompts.
Trout Headwaters, Inc is pleased to announce the approval of the first mitigation bank in the history of Wyoming and sponsored by Sweetwater River Conservancy, LLC. Following on publication of the state’s first Stream Mitigation Procedure (SMP), the Dumbell Ranch Mitigation Bank has received approval from the U.S. Army Corps of Engineers, U.S. Environmental Protection Agency, U.S. Fish & Wildlife Service, WY Department of Environmental Quality, Wyoming Department of Game and Fish and the Wyoming State Engineer’s Office.
“This first bank represents a very significant step for advance mitigation in the state and we expect will facilitate increasing restoration efforts across a potentially vast landscape,” said Trout Headwaters’ President, Michael Sprague.
The 1047 acre Stream, Riparian and Wetland Bank will provide credits for an area spanning north of Rawlins, Wyoming. The bank will provide credits to offset impacts to palustrine emergent wetlands, riverine wetlands, stream channels, and riparian areas. Prior to THI’s assessment of the property in 2012, the ranch had been used exclusively for cattle grazing and hay production. As a result of the practices, the stream banks and buffers as well as wetlands had been destroyed or significantly degraded. Approved plans include restoration of these resources using sustainable techniques and the long-term conservation of these restored resources.
Trout Headwaters, in conjunction with the National Mitigation Banking Association is pleased to release its annual “State of the Markets” Report for 2014 showing trends in Wetland Mitigation Banking over the period from 2000-2013 with updated data provided by the U.S. Army Corps of Engineers. This concise report is available only to THI clients and partners interested in the latest statistics and trends for the growing industry. To request a copy by email firstname.lastname@example.org