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Lookup NU author(s): Dr Stephen Crooks
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Under the no-net-loss objectives of the EU Habitats Directive, mechanisms to compensate for habitat displacement have become a major issue within designated Natura 2000 sites. This article examines how mitigation banking has been applied in the USA in the implementation of the no-net-loss of wetlands federal policy, and how it could be adapted as part of a strategic management plan in the UK. The principles of mitigation banking require that habitats are restored or recreated in advance of development to compensate for forthcoming displacement, thus generating credits representing the value of the restored habitat. To satisfy regulatory requirements, developers withdraw debits from the bank, i.e. buy credits to compensate for the habitats displaced on the development site. This article argues that, given the feasibility of restoring certain ecosystems in the UK coastal zone, with sufficient regulation by conservation agencies and thorough scientific investigation, mitigation banking could provide a potential mechanism to compensate for incremental losses of habitat. Further, with careful regional planning, it may also contribute to restoring and enhancing landscape biodiversity.
Author(s): Crooks S, Ledoux L
Publication type: Article
Publication status: Published
Journal: Environmental and Waste Management
Print publication date: 01/01/2000
ISSN (print): 1460-5147
Publisher: E P P Publications