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Bay Bank

Pinchot focus areas:

Climate & Energy
Water
Forests
Communities
Policy
Bay Bank Fact Sheet
Benefits of Habitat Conservation Credits
Bay Bank
Current Market Areas and Programs
In order for Bay Bank to succeed in its mission to use innovative, market-based tools to facilitate conservation in the Chesapeake, clear standards for participation in each market area in which credits will be transacted must be developed.

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These “market protocols” establish rules of the road for landowners wishing to participate in ecosystem markets. These protocols will outline rules such as:
  • Landowner eligibility,
  • Verification and certification of practices generating credits,
  • Credit definition,
  • Stewardship requirements for maintaining credits over time, and
  • Others needed to ensure only high-quality credits are transacted.
Bay Bank is initially focusing on five market areas:
  • Habitat Conservation – Bay Bank is not only providing guidance for landowner involvement in current regulatory markets, but is also facilitating the development of voluntary habitat markets for bog turtle, Delmarva fox squirrel, Atlantic white cedar, ancient sand ridge dune forest, and eastern brook trout. Download the Benefits of Habitat Conservation Credits Fact Sheet to learn more about a credit approach to habitat conservation.
  • Forest Conservation – Bay Bank is educating landowners to help them understand their options for generating income from forest mitigation and linking them with interested buyers. The Maryland Forest Conservation Act requires developers to mitigate their impacts on forests resulting from development activity. When this mitigation cannot be accomplished onsite, developers can look to private landowners that have developed forest mitigation "credits."
  • Water Quality Protection – The Pinchot Institute and World Resources Institute have assessed the market potential of state nutrient trading programs in the Chesapeake region the recent release of the report entitled,“Nutrient Trading in the Chesapeake Bay Region: An Analysis of Supply and Demand." Based on this analysis, Bay Bank is helping landowners become eligible for state programs, enrolling in voluntary programs, and providing market infrastructure to support interstate-interbasin nutrient trading.
  • Conservation Programs – Through a five-year partnership with the National Resources Conservation Service, Bay Bank is targeting 2009 funding for agricultural operators to implement conservation actions that reduce pollutants through the Environmental Quality Incentives Program’s Cooperative Conservation Partnership Initiative. In future years, the Bay Bank will leverage conservation program dollars with ecosystem service markets.
  • Carbon Sequestration – The Pinchot Institute commissioned the Environmental Law Institute to review policies and programs that could influence the development of markets for carbon sequestration, nutrient trading, forest and wetland mitigation, and conservation/biodiversity banking. Their analysis produced a baseline analysis of policies and programs that exist or are pending at the national, regional, and state levels.

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