The University of Wyoming has released a new primer to help energy companies and others meet their mitigation requirements on projects that could affect wildlife habitat.
The piece was produced by the Ruckelshaus Institute of Environment and Natural Resources. The primer provides examples of market-based mitigation strategies including mitigation banks, conservation banks and habitat exchanges.
Kristi Hansen is an agricultural economist for the university. She says such practices could be useful for protecting species such as sage grouse, which is a candidate for listing under the Endangered Species Act.
Professor Hansen says such markets can also benefit private landowners, who can sell credits for environmental services provided on their lands.