Using Markets To Help Clean Waterways
Some policymakers think the power of markets can help cleanse the nations waterways of nutrient pollution. Marketlike trading has been touted as a cheaper way to stimulate pollution prevention and speed compliance. The Environmental Protection Agency in 2003 published guidelines for nutrient trading, which gave the idea official support. EPA even threw in funding for pilot projects. The Clean Water Acts legal limits known as total maximum daily loads, TMDLs, are under development for polluted waters. Those load limits, for the first time, would set caps for pollution in waterways and allocate discharges that could be bought and sold.
Thanks to Chris Steins