Stacey Bosshardt was quoted in “Feds' Habitat Credit Program On Deck For First-Ever Regs,” an article in Law360,* regarding how the U.S. Fish and Wildlife Service is working toward a program that clears up gray areas and offers credits to private parties that protect endangered species habitats. 

The service's goal is to ensure greater uniformity in the way the credits are accounted for and greater accountability to land protection agreements, said Stacey Bosshardt, senior counsel at Perkins Coie LLP. She said while traditional mitigation projects that developers undertake can have benefits, conservation banking can provide more long-term value to the species because the habitat is established in perpetuity.

"These are really helpful to our clients who want to develop projects, including renewable energy projects, because they allow people to harness this market-based approach, which provides flexibility to meet the goals of the Endangered Species Act," Stacey said. "Anything that enhances the flexibility of the Endangered Species Act we think is good."

Read the full article on Law360.*

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