Natural Capital
Examples of this pattern in action:
Wetland Mitigation Bank - Willapa
Public entities — ports, counties, cities and states — help to consolidate wetland habitat in exchange for the wetlands impacted by infrastructure and development. What was once just swampland to be drained and filled, is now recognized as vital habitat to be protect and restore. Wetlands serve as habitat for waterfowl, juvenile fish and other creatures as well as working as natural filters for water. In Washington state, wetland banks have been slow to develop. In the past state regulators have instead emphasized mitigating on site for each impact. Excerpt taken from A Wetland to Bank On by Ed Hunt
Organizations whose work incorporate this pattern:
Oregon Climate Trust
Oregon Water Trust
Skytrust: The Common Assets Project
References:
Daily, Gretchen C., ed. Nature's Services: Societal Dependence on Natural Ecosystems. Island Press. Washington, DC. 1997.
Jansson, AnnMari, et al. Investing in Natural Capital: The Ecological Economics Approach to Sustainability. Island Press. Washington, DC. 1994.
van Dieren, Wouter. Taking Nature Into Account: A Report to the Club of Rome. Springer-Verlag. New York, NY. 1995.
Wackernagel, Mathis and William Rees. Our Ecological Footrpint: Reducing Human Impact on the Earth. New Society Publishers. Gabriola, BC. 1996.
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