By Juan Carlos Rodriguez (July 29, 2022, 8:01 p.m. EDT) — The U.S. Fish and Wildlife Service is working for the first time to formally regulate a program that offers salable credits to private parties that protect habitats of endangered species , a process that will require the agency to clear up gray areas that landowners, conservation banks and developers have navigated for decades.
The Species Conservation Banking Program, which the service has relied on as a species protection tool since the early 1990s, allows landowners and other private entities to earn conservation credits for the protection of species. a habitat for specific animal or plant species, which can then be sold to project developers. that need…
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