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A private company, the Environment Bank, announced the launch of the first UK bank of 'conservation credits' - currently for voluntary use. The company has invested £100 million in restoration "to restore and reconnect fragmented wetlands, woodlands and grasslands around the headwaters of the river Thames in the west of England." Developers could voluntarily purchase credits to help meet requirements associated with planning permissions.
| Date Established: 2009 | Status: Active | Bank Size: acre |
| Country: England | State/Province: | Other Location: Cricklade |
| Species/Habitat types:
'conservation credits' |
Credits Awarded: | Credits Sold: |
| Program in which the bank operates: Biodiversity Offsets (UK) | ||
| Bank Contact Information: | ||
| Bank Regulator Information: UK's Department for Environment, Food and Rural Affairs (DEFRA) |
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| Data Source: EKO-ECO.com blog post: http://eko-eco.com/archive/conservation-credits-idea-in-the-uk.php; Gaurdian article: http://www.guardian.co.uk/environment/2010/may/28/uk-conservation-credits-scheme-thames; The Environment Bank, Ltd. website: http://www.environmentbank.com/contactus.html |
Last Updated: October 9, 2010 | |