Environmental Defense Supports Effort to Create National Conservation Banking for Endangered Species Habitat

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“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.”