Physical Sciences and Mathematics Commons^™

Water Quality Trading: What Can We Learn From 10 Years Of Wetland Mitigation Banking?, Eric Raffini, Morgan Robertson

United States Environmental Protection Agency: Staff Publications

In 2003 the U.S. Environmental Protection Agency issued its Water Quality Trading Policy. Water quality trading allows facilities facing high pollution-control costs to meet their regulatory requirements by purchasing environmentally equivalent or superior pollution reductions from another source, often at a lower cost. The policy, which hopes to achieve "water quality and environmental benefits greater than would otherwise be achieved under more traditional regulatory approaches," established the ground rules for trading and encourages states, interstate agencies, and tribes to develop and implement water quality trading programs for nutrients, sediments, and other pollutants. The policy generated controversy among some stakeholder groups; …