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.”
With more than 3 million members, Environmental Defense Fund creates transformational solutions to the most serious environmental problems. To do so, EDF links science, economics, law, and innovative private-sector partnerships to turn solutions into action. edf.org
Latest press releases
-
New Poll: Republicans, Democrats and Independents Strongly Oppose Weakening Chemical Safety Law
October 27, 2025 -
Court Rules New York Must Implement State Climate Law and Deliver Swift Action
October 24, 2025 -
EDF Goes to Court to Help Defend California Climate Risk Reporting Laws That Protect People from Financial Damage
October 24, 2025 -
Oregon Water Partnership Applauds Gov. Kotek’s Executive Order to Promote Resilience of Communities and Natural Working Lands and Waters
October 23, 2025 -
Community, Health and Environmental Groups Sue to Stop President Trump’s Unlawful Toxic Air Pollution Exemptions
October 22, 2025 -
Emerging Farm Resiliency Practice Provides Significant Farm-Level and Public Benefits, New Report from EDF
October 21, 2025