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An Evaluation of the Virginia Nutrient Credit Trading Program

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  • Stephenson, Kurt
  • Aultman, Stephen
  • Shabman, Leonard A.

Abstract

Federal and state regulatory agencies frequently support and encourage the use of market-based effluent trading to achieve social water quality goals. This paper evaluates the design of the recently approved Virginia Nutrient Trading Program. The cost implications of setting a near limit of technology point source cap and requiring new and expanding sources to meet specific technology-based performance standards are examined.

Suggested Citation

  • 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).
  • Handle: RePEc:ags:aaea06:21071
    DOI: 10.22004/ag.econ.21071
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    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.
    2. Speir, Cameron & Stephenson, Kurt & Shabman, Leonard A., 2000. "Command-And-Control Or Effluent Allowance Markets: Roles Of Economic Analysis," 2000 Annual meeting, July 30-August 2, Tampa, FL 21869, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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