Environmental Defense Supports Effort to Create National Conservation Banking for Endangered Species Habitat
Contact:
Sean Crowley, 202-572-3331 scrowley@environmentaldefense.org
(Washington, DC – October 20, 2007) — Environmental Defense is supportive of the effort to develop Recovery Credit Trading as a new tool to aid in the conservation of imperiled species. Environmental Defense has participated actively in the development and testing of a prototype recovery credit trading system in the area around Fort Hood Army Base in Texas.
“The effort in Texas has been very promising and could be a useful model for similar efforts for other rare species in other parts of the country” said David Wolfe, a biologist in Environmental Defense’s Austin, Texas, office who has helped design the effort around Fort Hood.
“Recovery Credit Trading is a potentially powerful incentive to encourage many private landowners to invest in conservation efforts for rare species on their land,” added Michael J. Bean, an Environmental Defense attorney who has worked on endangered species conservation issues for three decades. “However, the devil is in the details, which we don’t know yet.”
One of the world’s leading international nonprofit organizations, Environmental Defense Fund (edf.org) creates transformational solutions to the most serious environmental problems. To do so, EDF links science, economics, law, and innovative private-sector partnerships. With more than 3 million members and offices in the United States, China, Mexico, Indonesia and the European Union, EDF’s scientists, economists, attorneys and policy experts are working in 28 countries to turn our solutions into action. Connect with us on Twitter @EnvDefenseFund
Latest press releases
-
Court Should Deny Shadow Docket Requests to Block Methane Pollution Limits
September 20, 2024 -
CFTC Guidance will Strengthen Voluntary Carbon Credits
September 20, 2024 -
Navajo Nation takes significant action to cut methane, assert tribal sovereignty
September 19, 2024 -
Houston-area High School Students Selected as Winners in Environmental Defense Fund Video Contest
September 16, 2024 -
New Bill Would Help Congress Better Understand Legislation’s Climate Impacts
September 12, 2024 -
Hydrogen Blending in New York Gas Pipelines Undermines State Climate Goals
September 12, 2024