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Water Quality Trading

Learn about the various types of water quality trading systems and how trading can be used as a market-based method of managing water pollution.

Water quality trading is an innovative approach to water pollution control that is of interest to water quality policy makers and managers in the United States and other countries as mechanism for improving the effectiveness and efficiency of water quality protection. The U.S. has been the leader in the development of water quality trading programs. State water quality agencies have been the primary innovators, but their work has been encouraged and supported by the federal government, most notably the US Environmental Protection Agency (USEPA) and US Department of Agriculture (USDA). The USEPA initially issued policy guidelines to facilitate water quality trading in the U.S. in the early 2000s and recently issued new recommendations to encourage and facilitate the development of trading programs by state and tribal water quality authorities. While fewer trading programs are found outside the U.S., some very successful and interesting initiatives are elsewhere, and there is substantial interest in trading outside of the U.S. This information will describe what water quality trading is, the various forms it can take, present a brief history of trading, and describe selected implementations in the United States and other countries. It will describe the reasons why trading is of interest to water quality policy makers and managers, the results that have been obtained, and lessons learned. It will conclude with recommendations program development.

Runtime: 93 minutes
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview

  • What Is Water Quality Trading
  • A Brief History of Emissions Trading
  • Where Is Water Quality Trading Being Done
  • Why Is There Interest in Trading
  • What Do Policy Makers Want From Trading
  • Nutrient Pollution and Water Quality Trading

Principles and Practices of Water Quality Trading

  • Offsets vs. Trading Programs
  • Basic Elements of Trading Programs
  • Market Area and Participants
  • Commodity Definitions
  • Trading Rules
  • Trading Institutions

Evaluating Water Quality Trading Programs

  • Expected Results vs. Actual Results
  • Evaluation Criteria
  • Determinants of Trading Outcomes
  • Results

Realizing the Potential

  • Pre-Requisites for Successful Programs
  • Learning and Innovation Still Needed
  • Offsets vs. Trading Program
  • Basic Elements of Trading Programs
  • Market Area and Participants

Commodity Definitions

Trading Rules

Trading Institutions

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on May 23, 2019.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

James Shortle, Ph.D.

The Pennsylvania State University

  • Distinguished professor of agricultural and environmental economics, Director of the Environment and Natural Resources Institute, and Director of the Center for Nutrient Pollution Solutions at Penn State University, University Park
  • His research focuses on economic incentives for water quality management
  • His research has been funded by the US Environmental Protection Agency, the US Department of Agriculture Agricultural Research Service, the US Department of Agriculture Office of the Chief Economist, the National Science Foundation, and the Pennsylvania Department of Environmental Protection
  • He has received awards for outstanding research from the American Water Resources Association, the Agricultural Economics Society, and the Northeast Association of Agricultural and Resource Economists
  • He has served on peer review and advisory panels for federal and state agencies, including recent membership on the National Research Council Committee on Science for EPA’s Future, and the Environmental Economics Advisory Committee to the EPA Science Advisory Board
  • He has served on the editorial boards of several agricultural and environmental economics journals
  • Ph.D. degree in economics, Iowa State University
  • Can be contacted at [email protected]
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Product ID: 400227
Published 2019
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