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Achieving Nutrient Water Quality Goals: Bringing Market-Like Principles to Water Quality Management
- Shabman, L., Stephenson, K.
- Journal of the American Water Resources Association 2007 v.43 no.4 pp. 1076-1089
- environmental markets, water quality, pollution load, water pollution, pollution control, social marketing, governmental programs and projects, Clean Water Act
- 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.