IDEAS home Printed from https://ideas.repec.org/p/ags/rffdps/10858.html
   My bibliography  Save this paper

Past, Present, and Future of Wetlands Credit Sales

Author

Listed:
  • Shabman, Leonard A.
  • Scodari, Paul F.

Abstract

In this paper we review the evolution of the wetlands credit sales program developed to support the federal wetlands permit program. Then, we explain how the regulatory rules governing the overall permit program, as well as specific rules governing credit sales, have prevented the development of robust markets in credit buying and selling. Based on this review, we identify an alternative institutional structure that would apply marketlike principles to expand the quantity of and lower the prices of credits while ensuring that wetlands credit sales help move the nation toward its goal: no net loss of wetlands acres and functions.

Suggested Citation

  • Shabman, Leonard A. & Scodari, Paul F., 2004. "Past, Present, and Future of Wetlands Credit Sales," Discussion Papers 10858, Resources for the Future.
    • Handle: RePEc:ags:rffdps:10858
    DOI: 10.22004/ag.econ.10858
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/10858/files/dp040048.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.10858?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Leonard Shabman & Kurt Stephenson & William Shobe, 2002. "Trading Programs for Environmental Management: Reflections on the Air and Water Experiences," Working Papers 2002-01, Center for Economic and Policy Studies.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kroeger, Timm & Casey, Frank, 2007. "An assessment of market-based approaches to providing ecosystem services on agricultural lands," Ecological Economics, Elsevier, vol. 64(2), pages 321-332, December.
    2. Ribaudo, Marc & Hansen, LeRoy T. & Hellerstein, Daniel & Greene, Catherine R., 2008. "The Use of Markets To Increase Private Investment in Environmental Stewardship," Economic Research Report 56473, United States Department of Agriculture, Economic Research Service.
    3. Arquitt, Steve & Johnstone, Ron, 2008. "Use of system dynamics modelling in design of an environmental restoration banking institution," Ecological Economics, Elsevier, vol. 65(1), pages 63-75, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Coria, Jessica & Sterner, Thomas, 2008. "Tradable Permits in Developing Countries: Evidence from Air Pollution in Santiago, Chile," RFF Working Paper Series dp-08-51, Resources for the Future.
    2. Call, Isabel L. & Lew, Daniel K., 2015. "Tradable permit programs: What are the lessons for the new Alaska halibut catch sharing plan?," Marine Policy, Elsevier, vol. 52(C), pages 125-137.
    3. Ribaudo, Marc & Savage, Jeffrey, 2014. "Controlling non-additional credits from nutrient management in water quality trading programs through eligibility baseline stringency," Ecological Economics, Elsevier, vol. 105(C), pages 233-239.
    4. Fang, Feng & Easter, K. William, 2003. "Pollution Trading To Offset New Pollutant Loadings -- A Case Study In The Minnesota River Basin," 2003 Annual meeting, July 27-30, Montreal, Canada 22135, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Shortle, James, 2013. "Economics and Environmental Markets: Lessons from Water-Quality Trading," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 42(1), pages 1-18, April.
    6. Sheila M. Olmstead, 2010. "The Economics of Water Quality," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 4(1), pages 44-62, Winter.
    7. Hanna L. Breetz & Karen Fisher-Vanden & Hannah Jacobs & Claire Schary, 2005. "Trust and Communication: Mechanisms for Increasing Farmers’ Participation in Water Quality Trading," Land Economics, University of Wisconsin Press, vol. 81(2).
    8. DeBoe, Gwendolen & Stephenson, Kurt, 2016. "Transactions costs of expanding nutrient trading to agricultural working lands: A Virginia case study," Ecological Economics, Elsevier, vol. 130(C), pages 176-185.
    9. Stephenson, Kurt & Aultman, Stephen & Shabman, Leonard A., 2006. "An Evaluation of the Virginia Nutrient Credit Trading Program," 2006 Annual meeting, July 23-26, Long Beach, CA 21071, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    10. Stephenson, Kurt & Bosch, Darrell J., 2003. "Nonpoint Source And Carbon Sequestration Credit Trading: What Can The Two Learn From Each Other?," 2003 Annual meeting, July 27-30, Montreal, Canada 22229, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    11. A. Ellerman, 2005. "A Note on Tradeable Permits," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 31(2), pages 123-131, June.

    More about this item

    Keywords

    Environmental Economics and Policy;

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:rffdps:10858. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/rffffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.