Effluent Trading to Improve Water Quality. What do we Know Today?
Watershed based trading or effluent trading, allows pollution sources to buy controls that will reduce the amount of a problem pollutant elsewhere in the watershed or drainage basin. By buying such controls, factories do not need to install abatement technologies to lower the discharge of that pollutant for their own plants. Parties involved in the trade want to either: (a) trade directly with each other; or (b) create a market of ‘credits’ that represent a specific amount of pollutant reduction. The intent of trading is to achieve an expected reduction of a particular pollutant at a lower cost. The challenge with trading is to allow for innovative, market-based reforms without compromising the existing safeguards in environmental protection. In this paper we provide an overview of the benefits and considerations associated with designing an effluent trading program. We end by formulating some policy recommendations.
Volume (Year): L (2005)
Issue (Month): 2 ()
|Contact details of provider:|| Postal: |
Web page: http://www.econ.kuleuven.be
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ete:revbec:20050203. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Hilde Roos)The email address of this maintainer does not seem to be valid anymore. Please ask Hilde Roos to update the entry or send us the correct address
If references are entirely missing, you can add them using this form.