A common market-based approach to environmental conservation is stream mitigation banking, which allows an entity to degrade or destroy a stream while developing property in exchange for restoration of a stream someplace else. A new book Streams of Revenue explores the history of this practice and is authored by Martin Doyle, a professor at the Nicholas School of the Environment at Duke University, and Rebecca Lave, a professor and Chair of the Department of Geography at Indiana University. In this episode they discuss the difficulty and lack of success of stream mitigation banking and explain why they believe it needs to be reformed to achieve better environmental outcomes.
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