Green Wealth is the first comprehensive guide that describes environmental banking business opportunities. Written by successful environmental bankers, Green Wealth provides step-by-step, comprehensive, instructions for creating profitable environmental banks including an annotated business plan and a sample bank prospectus. This book will satisfy your curiosity about the business and foster your active participation in entrepreneurial, for-profit environmental banking

Environmental banking is “green both ways” because it’s a type of land development that creates measurable improvements in environmental conditions and social values, and results in significant economic return to the landowner, developer, or investor.

Our Projects and Associates

Environmental Banking Feasibility Projects

  • Matanuska-Susitna Borough:  Environmental Banking Feasibility Study, Mat-Su, Alaska
  • Ebey Island Wetland Mitigation Bank: Snohomish County, WA 
  • Clear Valley Wetland Mitigation Bank: Skagit County, WA
  • Triangle Cove Wetland Mitigation Bank: Island County, WA 
  • Habitat Compensation Banking Study: British Columbia, Canada 
  • Sadri/Glasser Banking Study:  Coyote Creek Mitigation Site, Lane County, Oregon
  • Kiesecker Ranch Banking Study:  Grande Ronde River Property, Wallowa County, Oregon
  • Four – S Ranch, Inc. Vernal Pool Banking Study:  Four – S Ranch Property, Merced County, California
  • Oak Meadows, Inc. Banking Study:  Palacios Property, Matagorda County, Texas
  • Starfish, Ltd. Estuarine Banking Study:  Starfish Cay Property, Matagorda County, Texas
  • Hanchett Banking Study:  Portage River Property, Jackson County, Michigan
  • City of Bellevue Banking Study:  Wetland Banking Feasibility Study, King County, WA
  • Plum Creek Timber Co., L.P. Banking Study:  Cascade Habitat Conservation Plan Mitigation Banking Opportunities,  King County, WA
  • Boeing Realty Corporation Banking Study:  Boeing Frederickson Property, Pierce County, WA
  • Weyerhaeuser Banking Study:  Griffin Creek Property, King County, WA
  • Weyerhaeuser Banking Study:  Tan Wax Creek Property, Pierce County, WA
  • Weyerhaeuser Banking Study:  Snoqualmie Mill Site Property, King County, WA
  • Buse Timber and Sales, Inc. Banking Study:  Tulalip Creek Property, Snohomish County, WA
  • Barker Ranch, LTD. Banking Study:  Barker Ranch Property, Benton County, WA
  • DM Ranches, Inc. Banking Study:  Crab Creek Property, Grant County, WA
  • Triangle Cove Banking Study:  Triangle Cove, Camano Island Property, Island County, WA
  • Dean Swanson Banking Study:  Lewis River Property, Clark County, WA
  • Johnson Farms Banking Study:  Skagit Bay Estuary Property, Snohomish County, WA

Select Project Experience

WashingtonState Wetland Mitigation Banking Rule Development Advisory Team.  The Washington State Legislature determined that banking is an important tool for providing compensatory mitigation for unavoidable impacts to wetlands and they passed the Wetlands Mitigation Banking law (Chapter 90.84 RCW).  The State Department of Ecology was directed to develop, through a team collaboration process, the Compensatory Wetland Mitigation Banking Rule (chapter 173-700 Washington Administrative Code). Dr. Noon has served on the fourteen-member Banking Rule Development Advisory Team since 1999.  He contributed to the writing of every aspect of the Rule.  Topics defined include the certification process, bank property selection, credit evaluation, service area delineation, credit release schedule, and bank operation. The draft rule was completed and filed on December 17, 2001, and later published in the State Register.  The rule describes a consistent, predictable, and efficient framework that will facilitate the creation of mitigation banks in Washington.

Skagit Environmental Bank, Skagit County, WashingtonCurrently creating a 355-acre wetland mitigation bank.  Conducted a feasibility analysis of the service area; credit demand; pace of credit sale; stakeholder opposition; and local, state, and federal regulatory requirements.  Assessed the baseline conditions of the 700-acre farmed wetland and riparian area.  Defined restoration benefits to fisheries, wildlife, endangered species, economic, and recreation functions.  Designed restoration plans, which included an implementation timetable and construction cost estimates.  Identified potential adverse impacts, and mitigation measures to reduce impacts, from restoration activities.  The project is currently under review for certification by the Interagency Review Team.

Texas Coast Wetland Mitigation Bank.  Conducted the feasibility study, property analyses, prepared and negotiated the mitigation bank proposal and the memorandum of agreement documents, and coordinated meetings with wetland banking review team and other regulatory agencies for the purpose of creating a 629-acre wetland bank along the Texas Gulf Coast.  The effort included justifying the boundaries of the regional service area, and identifying potential demand for banked wetland credit from within the regional service area, existing property baseline conditions, and bank goals and objectives.  Designed the wetland habitat types, created a master plan and implementation strategy, and calculated construction costs. Coupled with the adjacent estuaries, the bank is part of a contiguous complex of fresh and saltwater wetlands totaling over 3,000 acres. The bank was certified by the U. S. Army Corps of Engineers.

Matanuska-Susitna Borough Environmental Bank, Mat-Su, AlaskaThe Matanuska-Susitna Borough retained the services of Critical Habitats Inc. to complete a wetland mitigation banking feasibility study and to partner with the Borough in creating a 15,000-acre bank.  The Borough has title to 350,000 acres located north of Anchorage.  The study identified potential properties and evaluated the ecological conditions, economic opportunities, regulatory framework, and stakeholder concerns in order to determine the feasibility of establishing and implementing a wetland bank.  This approach was uniquely designed to first identify the “red flag” issues (those issues that, can prevent a bank from being created) then form the best course of action based on probability of success.   The results of the project lead to a partnership in creating the bank.

Triangle Cove Wetland Mitigation Bank, Island County, Washington.  Estuarine habitat is the most valuable along any coastline and, because the endangered salmon populations are dependent on them, Washington state agencies have deemed the restoration of estuaries a number one priority.  Dr. Noon proposed the restoration of a 220-acre estuary in Island County, Washington as a means of compensating for some future loss of estuary habitat.  He assessed baseline conditions and defined restoration benefits to fish, wildlife, and the fishing industry; designed a detailed restoration plan including an implementation time table and cost estimate; and identified potential adverse impacts, and mitigation measures to reduce impacts, from restoration activities.  The prospectus is currently under review by the Interagency Review Team of twelve local, state, and federal agencies and tribes including Corps, NMFS, USFWS, Ecology, EPA, and WDFW.

Habitat Compensation Banking Study, British Columbia, Canada. Critical Habitats, Inc. was commissioned by the City of Kelowna to assess the feasibility of creating a mitigation banking system as a means of addressing environmental management concerns while accommodating development and growth within the region.  This is the first critical habitat banking project within the interior watersheds of Canada.  Dr. Noon assisted Lanarc Consultants of Canada in formulating a mitigation banking model that can (1) merge with the regulatory processes administered by the federal Department of Fisheries and Oceans; and (2) address the environmental concerns of the provincial Ministry of Water, Land, and Air Protection; and the habitat stewardship objectives of the City of Kelowna bylaws.

City of Bellevue Wetland Banking Feasibility Study, King County, WashingtonEvaluated the feasibility of developing a wetland banking program for the City of Bellevue, Washington.  The purpose of the project was to increase the size, functions, and continuity of Bellevue’s wetland resources, and to encourage more effective land use by facilitating the off-site replacement of existing wetlands through wetland banking.  Evaluated the need for banking sites based on the projected growth and development demand for wetland areas in each of 24 watersheds.  Identified the regulatory process, and estimated the cost, necessary to implement the wetland banking program.  Presented findings to the Environmental Services Commission.

Our Associates

Wetlands and Grasslands Foundation. Board Member.  2001 - present
The purpose of the Wetlands and Grasslands Foundation (Queensland, Australia) is to serve as a center of learning about sustainable land development, and as a model for demonstrating sustainable development practices that are applicable throughout the world.  The foundation members believe that environmental banking is an essential component of sustainable development.  Dr. Noon advises the board on policy issues related to environmental banking and recommends how the members should incorporate the environmental banking concept
into the conceptual strategy of the Foundation.  In addition, Dr. Noon has influenced the development of Queensland’s mitigation banking policy by presenting mitigation
banking concepts to the Townsville Chamber of Commerce, representatives of the
Premier and the Cabinet (Queensland Government), and members of the Australian
Parliament, House of Representatives.


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