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Environmental credits are increasingly being used as a tool to achieve environmental goals in regulatory programs. As a result, Virginia's environmental credit markets are evolving rapidly. Virginia policymakers are developing new guidance, regulations and legislation that will impact how future mitigation markets work in the Commonwealth. Currently, changes to Virginia's In-Lieu Fee Program, the development of the nutrient trading market and related opportunities associated with the implementation of the Chesapeake Bay TMDL are all underway. How these changes take shape is critical to the future of Virginia's private mitigation business sector.

By taking collaborative action in legislative, judicial, regulatory and administrative proceedings and related activities, we can affect positive public policy outcomes. We are working together to protect and enhance business opportunities within Virginia's evolving environmental markets. Our goal is to ensure the continued success and expansion of private stream and wetlands mitigation banking in Virginia while encouraging and facilitating the development of other environmental credit markets.

www.vamitigationbanking.com