2003 News

    USDA hosts a series of forums

to help identify potential opportunities for USDA involvement in environmental credit trading. These open sessions feature discussions on key issues to help identify the potential opportunities that may exist for Departmental involvement in environmental credit trading. A series of discussion panels was presented to provide private entity experiences with credit trading markets. Each panel consists of people representing the interests of a buyer, seller, and aggregator of environmental credits and others involved in credit trading.
Forums sponsored by the NRCS Science & Technology and Programs Deputy Areas. For more information contact Mark Colosimo at 301-504-2195 or email Mark.Colosimo@usda.gov.

"CO2e.com announces ground-breaking Spanish Carbon Fund. A consortium of three companies led by CO2 Spain, working together with CO2e.com (a division of Cantor Fitzgerald International) and international law firm Baker & McKenzie are launching the first Spanish Carbon Fund. The first phase involves structuring the fund in consultation with initial participants, including public and private companies in Spain that expect to be involved in the European Emissions Trading Scheme."For more information please see the CO2e website.

Great Lakes Commission Features Point-Counterpoint on U.S. EPA Trading Policy
See page 9 of publication.

A recent article entitled, "Will Nutrient Credit Trading Ever Work? An Assessment of Supply and Demand Problems and Institutional Obstacles" appeared in the May 2003 Environmental Law Reporter News and Analysis (33 ELR 10352). Authors included Dennis M. King and Peter J. Kuch. The article was based on research funded by the U.S. Department of Commerce, National Oceanic and Atmospheric Administration; U.S. Environmental Protection Agency, Office of Policy Analysis; and U.S. Department of Agriculture, Economic Research Service. The article was written from an economic perspective of environmental markets. Click here to read the article (in PDF).

World Resources Institute Releases "Awakening the Dead Zone": an investment for agriculture, water quality and climate change. This publication addresses the Mississippi River Basin and hypoxia in the Gulf of Mexico.

Great Lakes Trading Network Becomes Environmental Trading Network
Read the Press Release.

USEPA Announces Final Water Quality Trading Policy
In a press conference Monday, January 13, 2003, Administrator Christine Todd Whitman announced the final Water Quality Trading Policy and the funding of 11 projects. Find out more on the EPA Trading page.

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