1 Tahrcountry Musings: A clearinghouse for conservation banking launched

Sunday, January 04, 2009

A clearinghouse for conservation banking launched

Species banking is a comparatively new initiative meant for species credit trading as an effective tool for the conservation of threatened and endangered species and their habitat. A conservation bank is like a financial bank. Here instead of money the bank protects natural resources. I would like to call it a biological bank account. When a project comes up that impacts wildlife, the pronotors can buy credits in a conservation bank.

Ecosystem Marketplace has launched a clearinghouse for conservation banking aimed at the species credit trading industry. Speciesbanking.com will provide a marketplace for the emerging conservation banking scenario. Initially intended for US markets, the agency plans to develop it in to a resource centere for nations across the world. At species.com you can publicize your credit availability and buyers can look out for solutions to their mitigation needs.

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