Achieving Nutrient Water Quality Goals: Bringing Market-Like Principles to Water Quality Management

  1. Leonard Shabman1,
  2. Kurt Stephenson2

Article first published online: 2 JUL 2007

DOI: 10.1111/j.1752-1688.2007.00089.x

Issue

JAWRA Journal of the American Water Resources Association

JAWRA Journal of the American Water Resources Association

Volume 43, Issue 4, pages 1076–1089, August 2007

Additional Information

How to Cite

Shabman, L. and Stephenson, K. (2007), Achieving Nutrient Water Quality Goals: Bringing Market-Like Principles to Water Quality Management. JAWRA Journal of the American Water Resources Association, 43: 1076–1089. doi: 10.1111/j.1752-1688.2007.00089.x

Author Information

  1. 1

    Residence Scholar, Resources for the Future

  2. 2

    Associate Professor, Department of Agricultural and Applied Economics, Virginia Tech, Blacksburg, Virginia.

*(E-mail/Stephenson: kurts@vt.edu)

Publication History

  1. Issue published online: 2 JUL 2007
  2. Article first published online: 2 JUL 2007
  3. Received October 13, 2005; accepted December 28, 2006.

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Keywords:

  • market-based policy;
  • water quality trading;
  • nutrients;
  • point source;
  • nonpoint source

Abstract:  Market-like trading programs for water quality management begin with enforceable limits on the amount of the pollutant allowed in a watershed. Properly designed market-like trading programs then create incentives for dischargers to reduce nutrient control costs over time by making pollution prevention innovations. However, the structure of the Clean Water Act can be a barrier to establishing market-like trading programs. First, we describe the general features and advantages of market-like trading programs. Then we offer practical suggestions for bringing market-like design concepts to nutrient trading programs within the existing legal and regulatory setting.

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