[Sourced from EcoSystem Marketplace]
Speciesbanking.com will serve as a platform for conservation bank owners to publicize credit availability, credit buyers to find solutions to their mitigation needs, and prospective bank developers to research current market conditions. It will also allow agency staff to learn about activities outside their jurisdictions, and academics, investors, and others to monitor and analyze industry trends.
A comprehensive and current listing of banks and their credit information allows buyers and sellers to conduct transactions at a reduced cost. And our independent analysis and reporting let market participants to stay on top of industry developments and learn from the experiences of others. The ultimate goal of speciesbanking.com is to facilitate species credit trading as an effective tool for the conservation of threatened and endangered species and their habitat.
Speciesbanking.com will initially focus on species credit trading in the United States. As species mitigation banking initiatives take root in other countries (e.g. Australia, France, South Africa) and examples of voluntary compensatory biodiversity offsets become more frequent, we will expand our coverage to provide insights for all involved.
SpeciesBanking.com will be debuted this fall, with an official launch event set for December 3rd at the Hunton & Williams law offices in Washington DC.
About Ecosystem Marketplace
Speciesbanking.com is a project of the Ecosystem Marketplace, a non-profit organization dedicated to providing information on markets and payment schemes for ecosystem services. The Ecosystem Marketplace believes that by providing reliable information on costs, regulation, science, and other market-relevant factors, markets for ecosystem services will one day become a fundamental part of our economic system, helping give value to environmental services that, for too long, have been taken for granted.
Further Reading
Fish and Wildlife Services factsheet on Conservation Banking.
Environmental Defense Funds Robert Bonnie provided good examples of species banking in an Ecosystem Marketplace guest article, “Banking on Endangered Species Conservation“.
Contact
Nathaniel Carroll
Project Director, Ecosystem Marketplace
ncarroll (at) ecosystemmarketplace.com
503.946.3288
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