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Streams of Revenue: The Restoration Economy and the Ecosystems It Creates

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An analysis of stream mitigation banking and the challenges of implementing market-based approaches to environmental conservation.

Market-based approaches to environmental conservation have been increasingly prevalent since the early 1990s. The goal of these markets is to reduce environmental harm not by preventing it, but by pricing it. A housing development on land threaded with streams, for example, can divert them into underground pipes if the developer pays to restore streams elsewhere....