In January 13, 2003, Administrator Christine Todd Whitman announced the issuance of the final water quality trading policy by stating that, "the most effective and economical way to reduce pollution is to provide incentives to encourage action by those who can achieve reductions easily and cost-effectively”. The policy supports the trading of nutrients and sediments within a watershed. Additionally, the US EPA is providing $800,000 to support 11 projects around the country. The following links provide more information.
2009 Targeted Watershed Grants Federal funding was awarded to CTIC to study the feasibility of a water quality credit trading program in the Wabash River basin. Link to CTIC Page
2008 Targeted Watershed Grants
2008 TWG focused on water quality trading or other market-based water
quality projects in the Ohio River Basin, and the Upper and Lower
Mississippi Rivers. They awarded ten finalists $3.7 million.
Link to 2008 TWG web page 2006/2007 Targeted Watershed Grants
Fifteen finalists were selected for a total $12.4 million in implementation
grants. Two grants were awarded for market/trading projects: Clear Creek
(CO), and Saluda-Reedy Rivers (SC)
2005 Targeted Watershed Grants For 2005, twelve targeted watersheds were awarded over $9 million in total. Four of the targeted watersheds featured market-based and/or trading programs. They consisted of: Vermillion River (MN), Tuttle Creek Lane (NE, KS), Willamette River (OR), and Skagit River (WA).
Link to 2005 TWG web page
TWG 2005 Annual Report 2004 Targeted Watershed Grants
July 19, 2004 the USEPA announced its Targeted Watersheds under the
2004 program. Trading was featured in five of the fourteen targeted
watersheds. These watersheds include the Lake Tahoe (CA/NV), Bear River
(ID, UT, WY), Kalamazoo River (MI), Cape Fear (NC) and Passaic River (NJ).
"Building an online multistate water
quality trading platform and carbon estimation tool for the Chesapeake
Bay watershed" (World Resource Institute)
"To utilize an on farm nutrient
assessment and BMP credit calculation tool developed to
facilitate ecosystem market trading for inventorying farmers
voluntary conservation practices" (Maryland Department of Agriculture)
"Implementing Point to Non-Point Source Nutrient trading in the Chesapeake Bay" (Maryland Department of Agriculture, MD)
"Coupling Market Infrastructure with Ecosystem Services Markets: Initial Framework Scoping for an Ohio River Credit Trading Program" (Electric Power Research Institute, Inc. CA)
"Best Management Practices for Water Quality on Private Timber Sales" (Missouri Department of Conservation, MO)
"Missouri Innovative Environmental Stewardship Project will demonstrate best management practices for nutrient reductions in water runoff and introduce carbon and nutrient trading to Missouri farmers." (Environmental Resources Coalition, MO)