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Nutrient Trading in Lake Rotorua: Goals and Trading Caps

Author

Listed:
  • Suzi Kerr

    (Motu Economic and Public Policy Research)

  • Kit Rutherford

    (NIWA)

  • Kelly Lock

    (Motu Economic and Public Policy Research)

Abstract

For a nutrient trading system to achieve the desired environmental outcome, or goal, this outcome needs to be translated into nutrient flows and allowances. To connect the nutrient loss provided for under the allowances with the environmental goal, a number of decisions need to be made. These decisions will shape the nutrient trading system. This paper looks at the information and analysis needed to ultimately define allowances and set trading caps for a nutrient trading system.

Suggested Citation

  • Suzi Kerr & Kit Rutherford & Kelly Lock, 2007. "Nutrient Trading in Lake Rotorua: Goals and Trading Caps," Motu Working Papers 07_08, Motu Economic and Public Policy Research.
    • Handle: RePEc:mtu:wpaper:07_08
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    File URL: https://motu-www.motu.org.nz/wpapers/07_08.pdf
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    References listed on IDEAS

    as
    1. Martin L. Weitzman, 1974. "Prices vs. Quantities," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 41(4), pages 477-491.
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    Citations

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    Cited by:

    1. Anastasiadis, Simon & Nauleau, Marie-Laure & Kerr, Suzi & Cox, Tim & Rutherford, Kit, 2011. "Water Quality Management in Lake Rotorua: A comparison of Regulatory Approaches using the NManager Model," 2011 Conference, August 25-26, 2011, Nelson, New Zealand 115348, New Zealand Agricultural and Resource Economics Society.
    2. Lock, Kelly & Kerr, Suzi, 2008. "Nutrient Trading in Lake Rotorua: Overview of a Prototype System," Motu Working Papers 292663, Motu Economic and Public Policy Research.
    3. Raffensperger, John F., 2011. "Matching users' rights to available groundwater," Ecological Economics, Elsevier, vol. 70(6), pages 1041-1050, April.
    4. R. Prabodanie & John Raffensperger & Mark Milke, 2010. "A Pollution Offset System for Trading Non-Point Source Water Pollution Permits," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 45(4), pages 499-515, April.
    5. repec:isu:genstf:201301010800004451 is not listed on IDEAS
    6. Estelle Cantillon & Aurélie Slechten, 2024. "Market Design for the Environment," NBER Chapters, in: New Directions in Market Design, pages 31-63, National Bureau of Economic Research, Inc.
    7. Simon Anastasiadis & Marie-Laure Nauleau & Suzi Kerr & Tim Cox & Kit Rutherford, 2011. "Does Complex Hydrology Require Complex Water Quality Policy? NManager Simulations for Lake Rotorua," Motu Working Papers 11_14, Motu Economic and Public Policy Research.
    8. Kerr, Suzi, 2013. "Managing Risks and Tradeoffs Using Water Markets," Motu Working Papers 291380, Motu Economic and Public Policy Research.
    9. Lock, Kelly & Kerr, Suzi & Cox, Tim & Rutherford, Kit, 2008. "Assessing design options for a Nutrient Trading System using an integrated model," 2008 Conference, August 28-29, 2008, Nelson, New Zealand 96443, New Zealand Agricultural and Resource Economics Society.
    10. Kerr, Suzi & Rutherford, Kit, 2008. "Nutrient Trading in Lake Rotorua: Determining Net Nutrient Inputs," Motu Working Papers 292660, Motu Economic and Public Policy Research.
    11. Roberts, Anna M. & Pannell, David J. & Doole, Graeme & Vigiak, Olga, 2012. "Agricultural land management strategies to reduce phosphorus loads in the Gippsland Lakes, Australia," Agricultural Systems, Elsevier, vol. 106(1), pages 11-22.
    12. Syezlin Hasan & Line Block Hansen & James C. R. Smart & Berit Hasler & Mette Termansen, 2022. "Tradeable Nitrogen Abatement Practices for Diffuse Agricultural Emissions: A ‘Smart Market’ Approach," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 82(1), pages 29-63, May.

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    More about this item

    Keywords

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    JEL classification:

    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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