Hawaii Senate Bill SB2164

Hawaii 2024 Regular Session

• Introduced: 1/18/24
• Refer: 1/18/24

Caption

Relating To Conservation Mitigation Banks.

Impact

The bill envisions reducing uncertainty surrounding compensatory mitigation by building on lessons learned from successful mitigation banking programs adopted by the federal government and numerous states since 2001. Under SB2164, the DLNR would have the authority to establish and operate these banks, potentially expediting permit processes and ensuring that ecological functions are restored effectively. Additionally, the bill allows for the sale of ecological credits generated through these banks, thus creating economic opportunities while driving conservation efforts.

Summary

Senate Bill 2164 seeks to establish conservation mitigation banks in Hawaii, authorized by the Department of Land and Natural Resources (DLNR). The bill aims to address the restoration, creation, enhancement, or preservation of habitats impacted by developmental activities. By allowing the establishment of conservation mitigation banks, the legislation positions these banks as mechanisms for compensatory mitigation, providing a structured and efficient approach to offset environmental damage as mandated by regulatory agencies.

Contention

While proponents of SB2164 argue that it is an essential step towards sustainable environmental management and habitat restoration, there may be concerns regarding the actual implementation of conservation credits and their regulation. Questions could arise about how effectively these credits translate into meaningful ecological restoration, and whether the financial motivations behind these banks might overshadow the ecological integrity they aim to support. Overall, the balance between enabling economic activities and ensuring ecological preservation will likely be a focal point of discussion as the bill moves forward.