TRADING_CONF


Overview (click here for the entire Work Plan)

For this project, we hypothesize that "growing water" opportunities in the Great Lakes Basin will drive transactions that are market-based creating both economic and ecological values. These transactions will ultimately provide a reliable, biologically appropriate supply of water to streams and lakes in the Great Lakes Basin.

We take a case-study approach to identify market-like conditions that stimulate growing water transactions in the context of existing regulations, and that create a demand to invest in ecological restoration. Four on-the-ground case studies have been identified by the project team that involve three Great Lakes watersheds and span across four Great Lakes states. Growing water opportunities examined in these cases include public works/infrastructure, low impact development, offset opportunities for water withdrawals, public water supply protection, and Ecosystem Service District concepts. The projects seek to generate a range of improvements to water and water dependent resources in terms of the restoration of flow regimes, increase of habitat, improved delivery of water in biologically appropriate rates and amounts, improvement of water quality, removal of contaminants from storm runoff, reduction in flooding, and control of pollutants. The case studies are located in the following four watersheds:

Case 1. Upper/Middle Cuyahoga River (OH): Groundwater recharge augmentation and creative financing of conservation development and greenways

Case 2. St. Joseph River (IN, OH, MI): Floodplain and wetland restoration, accounting systems linking improvements in management practices to ecological and economic benefits, and model transactions with buyers paying for improvement practices on agricultural land


Case 3. Menomonee River Valley (WI): Model transactions derived with a system-wide analysis identifying available financial and legal resources and creating transactions to promote urban water resources restoration and brownfield re-development


Case 4. Miami Conservancy District (MCD; Ohio River Basin): Large scale point source/non-point source nutrient trading program and the potential development of an Ecosystem Service District

The individual projects are directed at a diversity of ecological settings. These diverse settings include a dense urban environment with impervious surfaces, brownfields and failing sewage infrastructure (Case 3), impaired rural agricultural land and wetlands (Case 2), as well as several river areas distinctly impacted by industry, floodplain loss, sprawl, channelization and waste disposal uses (Cases 1, 2, and 4). Many of the key issues the Great Lakes communities are trying to address are found in these diverse settings. The case studies will generate and help effect real transactions that specifically address these common Basin issues. The settings also engage diverse economic and regulatory conditions. These distinct "natural" and "political" settings are intended to provide concrete experience and comparative data to enable better analysis and understanding of how to successfully transact business and induce investments that generate ecological improvements within the Basin.

The MCD case (Case 4) is a unique project where the Ecosystem Service District concept will be examined based on the structure and functions of the Miami Conservancy District and the water quality trading program the District is currently leading. How to institutionalize ecosystem management is the focus of this particular setting. While other case projects work to achieve a defined set of ecological goals, the MCD case explores the possibility of developing a government authority to manage an extended ecosystem in a systematic manner to generate improvements to water and water dependent resources.

back to top


PROJECT TEAM

Project Partners:

Applied Ecological Services
Environmental Banc and Exchange
Kieser & Associates
King and Associates
Policy Solutions
The Shaw Group
Sixteenth Street Community Health Center

back to top


BACKGROUND INFORMATION

Great Lakes Water Management Initiative

Great Lakes Charter Annex 2001 Implementing Agreements

  • Summary of the Agreements (by Ontario Ministry of Natural Resources: water use decisio-making framework; comparison of the June 30, 2005 revised draft and the July 19, 2004 draft

back to top


CASE STUDIES

(Summary Table of All Case Studies)


Case 1. Upper/Middle Cuyahoga River, Ohio

Case Description (click here)

Progress Updates and Summaries

Transactions and Tools


Case 2. St. Joseph River, Michigan, Indiana, and Ohio

Case Description (click here)

Progress Updates and Summaries

  • K&A presentation on the St. Joseph River Wateshed Initiative Board Meeting of June 6, 2005
  • St Joe River Watershed field visit (5/11/05)
St. Joe River
Bank erosion
Oxbow area

Garrett Ditch west
Garrett Ditch east

Transactions and Tools


Case 3. Menomonee River Valley, Wisconsin

Case Description (click here)

Progress Updates and Summaries

Transactions and Tools


Case 4. The Miami Consevancy District, Ohio

Case Description (click here)

Progress Updates and Summaries

Transactions and Tools

back to top

 


PROJECT DOCUMENTS

Quarterly Report to GLPF

  • First Quarter: April, 2005
  • Second Quarter: July, 2005
  • Third Quarter: October, 2005

Final Report

White Paper

Work by Team Members Related to the Project

  • Wetland Mitigation Ratio Calculator (Dennis King, King & Associates)
  • Presentation at the 8th National Mitigation Banking Conference (Mark Kieser, Kieser & Associates)

back to top

 


PROJECT TEAM CONFERENCE CALLS AND MEETINGS

Project Kick-off Meeting: Feb 28, 2005, Chicago

Project Conference Calls

back to top


CROSS-CUT ANALYSIS

Coming soon

back to top

 


GROWING WATER TRANSACTION TOOL MENU

Coming soon

back to top

 


Copyright © 2003-2005, Environmental Trading Network

Website Developed and Maintained by Kieser & Associates,
Environmental Science and Engineering, Kalamazoo, MI

Website Updated: July 14, 2005