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Water Quality Trading Program
Case Studies
Ideas for water
quality trading in New Jersey: Looking at successful examples from other
states
Introduction
Water quality trading is potentially an effective tool to achieve better
water quality in New Jersey at lower cost than the traditional regulatory
approach. In addition to reduced costs for point sources (factories, wastewater
treatment plants, etc.) to comply with water quality standards, water
quality trading can encourage reduction of rampant nonpoint source pollution
such as agriculture and urban land use, which are not regulated by the
Clean Water Act.
Water quality trading has happened in many other states around the country
– There have been 40 trading projects across 17 states, in every
region of the US. However, only a handful of these projects have achieved
success. This summary will look at 4 successful projects, and review the
pros and cons of each to determine what aspects would be applicable for
a New Jersey trading project.
Outline
• Acronym list
• Pros and Cons of Four Successful
Water Quality Trading Projects
o North Carolina, Tar-Pamlico River Basin
program – Nutrient (N&P) Trading
o North Carolina, Neuse River Basin Program
– Nitrogen Trading
o Connecticut, Long Island Sound Nitrogen
Trading Program
o Michigan, Kalamazoo River Phosphorus Trading
Demonstration Program
• Conclusions: Implications
for Water Quality Trading in New Jersey
• Further details
of each trading project mentioned above.
