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New ways to deal with water are constantly being developed and tested, such as the underground storage of water, storing water in reservoirs in large parking garages or on playgrounds. [90] Rotterdam started a project to construct a floating housing development of 120 acres (0.49 km 2 ) to deal with rising sea levels. [ 91 ]
Current data suggests that conservation credits range in price from a low of $1500 per mitigation of a Gopher Tortoise to as much as $325,000 for vernal pool preservation. [ 7 ] Locations currently used
The mitigation sequence is used as a tool to guide the type and level of compensatory mitigation that will be required under the Clean Water Act. [10] It includes the steps avoid, minimise, and compensate, requiring that avoidance and minimisation measures should be exercised before compensation. [ 10 ]
Impact fees were first implemented in Hinsdale, Illinois in 1947. To finance a water treatment plant expansion, Hinsdale Sanitary District president John A. McElwain implemented a "tap-in" fee of $50 per new residential sewer line.
Within this choice set, the preferred water tariff depends on multiple factors including: the goals of water pricing; the capacity of a water services supplier to allocate its costs, to price water, and to collect revenues from its customers; the price responsiveness of water consumers; and what is considered to be a fair or just water tariff. [4]
In the United States, compensatory mitigation is a commonly used form of environmental mitigation and, for some projects, it is legally required under the Clean Water Act 1972. Compensatory mitigation is defined by the US Department of Agriculture as "measures to restore, create, enhance, and preserve wetlands to offset unavoidable adverse ...
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