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Water Quality Trading

In: Water Quality and Agriculture

Author

Listed:
  • James Shortle

    (Pennsylvania State University)

  • Markku Ollikainen

    (University of Helsinki)

  • Antti Iho

    (Natural Resources Institute Finland)

Abstract

Chapters 6, 7 , and 8 examine three specific policy approaches that are drawing substantial interest as innovations for agricultural nonpoint pollution control. These are water quality trading (Chap. 6), water quality auctions (Chap. 7 ), and credit stacking (Chap. 8 ). Both have potentials for addressing many of the limitations of conventional approaches including consideration local conditions. Water quality trading refers to emissions trading in water pollution. The mechanism has not had wide application but is an interesting candidate for water pollution policy innovation. It is a performance based economic incentive and can be implemented to integrated management of point and nonpoint sources. Water quality trading is receiving considerable interest as a mechanism to improve the effectiveness and cost-efficiency of water quality protection. This chapter presents the theory of trading, significant challenges that must be addressed when using trading to manage agricultural nonpoint pollution, and a review and assessment of the practice of water quality trading, and lessons for future application. The overall conclusion is that trading has significant merit provided policy makers have the technical capacity and resources to implement performance-based trading programs.

Suggested Citation

  • James Shortle & Markku Ollikainen & Antti Iho, 2021. "Water Quality Trading," Palgrave Studies in Agricultural Economics and Food Policy, in: Water Quality and Agriculture, chapter 0, pages 269-317, Palgrave Macmillan.
    • Handle: RePEc:pal:psachp:978-3-030-47087-6_6
    DOI: 10.1007/978-3-030-47087-6_6
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