Achieving Nutrient Water Quality Goals: Bringing Market-Like Principles to Water Quality Management1*

Authors


  • 1

    Paper No. J05168 of the Journal of the American Water Resources Association (JAWRA). Discussions are open until February 1, 2008.

  • *

    Authors are listed by alphabetical order. No senior authorship is assigned.

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

Abstract

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.

Ancillary