January 30, 2021

Changing Course on Stream Banking with Martin Doyle and Rebecca Lave

Nicholas Institute for Environmental Policy Solutions

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: The Restoration Economy and the Ecosystems It Creates" explores the history of this practice and is authored by Martin Doyle, director of the Water Policy Program at Duke's Nicholas Institute for Environmental Policy Solutions and a professor at Duke's Nicholas School of the Environment, and Rebecca Lave, a professor and Chair of the Department of Geography at Indiana University.

In an episode of the waterloop podcast, Doyle and Lave 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.