Speciesbanking.com is the nation's first information clearinghouse for the species credit trading industry. Until now, there has been no centralized information resource to serve buyers, sellers, and other market participants. Basic information such as number of banks, species covered, location, availability of credits, and contact details have not been readily available. And what information is available, is often scattered across different websites or in quickly-outdated news and journal articles. By filling this critical information gap we hope to enable an efficient, transparent, equitable conservation market to develop.
SpeciesBanking.com will serve as a platform for conservation bank owners to publicize credit availability, credit buyers to find solutions to their mitigation needs, and prospective bank developers to research current market conditions. It will also allow agency staff to learn about activities outside their jurisdictions, and academics, investors, and others to monitor and analyze industry trends.
A comprehensive and current listing of banks and their credit information allows buyers and sellers to conduct transactions at a reduced cost. And our independent analysis and reporting let market participants to stay on top of industry developments and learn from the experiences of others. The ultimate goal of speciesbanking.com is to facilitate species credit trading as an effective tool for the conservation of threatened and endangered species and their habitat.
Speciesbanking.com will initially focus on species credit trading in the United States. As species mitigation banking initiatives take root in other countries (e.g. Australia, France, South Africa) and examples of voluntary compensatory biodiversity offsets become more frequent, we will expand our coverage to provide insights for all involved.
News story about SpeciesBanking.com on Ecosystem Marketplace
Fish and Wildlife Service’s factsheet on Conservation Banking
Environmental Defense Fund’s Robert Bonnie provided good examples of species banking in an Ecosystem Marketplace guest article Banking on Endangered Species Conservation
About Ecosystem Marketplace
Ecosystem Marketplace is dedicated to providing information on markets and payment schemes for ecosystem services. The Ecosystem Marketplace believes that by providing reliable information on costs, regulation, science, and other market-relevant factors, markets for ecosystem services will one day become a fundamental part of our economic system, helping give value to environmental services that, for too long, have been taken for granted. Ecosystem Marketplace is a project of Forest Trends, a non-profit organization that works to create and capture market values for ecosystem services.
Project Director, Ecosystem Marketplace
ncarroll (at) ecosystemmarketplace.com