What’s it about in short: com­ment on the recent mem­o­ran­dum of the US pres­i­dent on impact mit­i­ga­tion (includ­ing mit­i­ga­tion bank­ing) in the United States

When was it released: Novem­ber 15, 2015

By whom: Jemma Pene­lope

More info: https://misjpmovesthings.wordpress.com/2015/11/15/the-best-things-are-achieved-by-banking-your-offsets-not-just-trading-them/

Short extract:

Mit­i­ga­tion Bank­ing and its close cousin, Con­ser­va­tion Bank­ing, are the USA’s sys­tem of Off­set Bank­ing. Fol­low­ing con­tro­ver­sial fits and starts in the 1970’s and some harsh cri­tiques in the 1990’s, these Off­set Bank­ing indus­tries have worked so very hard to match up the dream of pre-impact mit­i­ga­tion and off­set­ting, with the real­ity of what is deliv­ered on the ground.
For years now, bril­liant mit­i­ga­tion and con­ser­va­tion banks have been run across the USA, and the ini­tial com­pli­ance and eco­log­i­cal faux-pas have been ele­gantly solved through pol­icy, reg­u­la­tion, and tech­ni­cal up-skilling across con­tract law, endow­ment finance, and con­ser­va­tion biology.

As the press release explains, the cul­mi­na­tion of this process is now seen in the USA government’s recog­ni­tion that to mit­i­gate or off­set unavoid­able impacts of devel­op­ment, it is Off­set Bank­ing that deliv­ers the best results.