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CITATION

Jones, Cy; Bacon, Lisa; Kieser, Mark; and Sheridan, David. Water-Quality Trading. US: McGraw-Hill Professional, 2005.

Water-Quality Trading

Authors: Cy Jones, Lisa Bacon, Mark Kieser and David Sheridan

Published:  October 2005

eISBN: 9780071589239 0071589236 | ISBN: 9780071464185
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  • Contents
  • Foreword
  • Preface
  • About the Authors
  • About the Reviewers
  • Chapter One: An Introduction to Water-Quality Trading
  • Introduction
  • What Is Water-Quality Trading?
  • The Sulfur Dioxide Allowance Market
  • A Brief History of Trading from the Wastewater Perspective
  • Purpose and Structure of the Book
  • References
  • Chapter Two: General Conceptual Models for Water-Quality Trading
  • Introduction
  • Managed Trading
  • Trading Associations
  • Marketlike Trading
  • The Michigan Rules
  • Conclusions
  • Small-Scale Offset Programs
  • Conclusion
  • References
  • Chapter Three: Water Quality and Wastewater Treatment Plants
  • Introduction
  • Water-Quality Standards
  • Designated Uses
  • Water-Quality Criteria
  • Issues with Water-Quality Standards
  • Designated Uses
  • Numeric Water-Quality Criteria
  • Narrative Water-Quality Criteria
  • Antidegradation
  • Derivation of Effluent Limits from Water-Quality Standards
  • Antibacksliding
  • Clean Water Act Section 303(d)—Total Maximum Daily Loads
  • Identification and Listing of Impaired Waters
  • Data Needs
  • Measuring Impairment
  • Structure of the Impaired Waters List
  • Development of Total Maximum Daily Loads
  • Issues and Concerns with Total Maximum Daily Loads
  • Adaptive Implementation
  • Trading and Water-Quality Management and Planning
  • Authority to Trade
  • Water-Quality Planning
  • Water-Quality Standards
  • Antidegradation
  • Antibacksliding
  • Total Maximum Daily Loads
  • Other Analytical Frameworks
  • Geographic Trading Areas
  • National Pollutant Discharge Elimination System Permits
  • Tradable Pollutants
  • Types of Trading
  • Watershed Scenarios
  • The Receiving Water Body Is Unimpaired or Has Not Been Assessed
  • The Receiving Water Body Is Impaired, But a Total Maximum Daily Load Has Not Yet Been Implemented
  • The Receiving Water Body Is Impaired and a Total Maximum Daily Load Has Been Implemented
  • References
  • Chapter Four: An Economic Framework for Evaluating Trading Opportunities
  • Introduction
  • Estimating Credit Need
  • Example Wastewater Treatment Plant
  • Identifying Trading Options
  • Possible Sources of Reductions or Credits—Technical Options
  • Market Positions
  • Potential Credit Sources as They Relate to the Wastewater Treatment Plant’s Market Position
  • Characterizing Trading Options
  • Cost and Cost-Related Factors
  • On the Plus Side—Revenue Opportunities and Other Monetizable Benefits
  • Benefits Not Always Easily Monetized But Generally Quantifiable
  • Environmental Effectiveness: The Divisor in the Cost-Effectiveness Equation
  • Evaluating the Cost and Benefits of Trading Options
  • Evaluating Trading Options
  • Defining the Trading Options to Be Evaluated
  • Selecting the Decision Criteria
  • Applying the Decision Criteria and Evaluating the Options
  • Develop Trading Proposals
  • References
  • Chapter Five: Trade
  • Introduction
  • General Trading Considerations
  • Identifying and Quantifying Trading Needs
  • Eligibility to Trade
  • Finding Trading Partners
  • Special Issues with Point–Nonpoint-Source Trading
  • Trading Ratios
  • Credit for Multiple Benefits
  • Water Quality Revisited—Local Effects Because of Trades
  • Trading Instruments
  • Contracts and Agreements
  • Trades and National Pollutant Discharge Elimination System Permits
  • U.S. EPA Water-Quality Trading Policy Permit Provisions
  • Watershed-Based Discharge Permits
  • Wastewater Treatment Plant Goals for National Pollutant Discharge Elimination System Permits
  • Conclusion
  • References
  • Chapter Six: Science, Data, and Analytical Needs
  • Introduction
  • Two Aspects of Uncertainty: Science and Humans
  • Getting into the Spirit: Collaborate, Coordinate, and Communicate
  • Uncertainty in the Science: Data and Modeling
  • Data Issues
  • Data Issues Continued
  • Implications for Wastewater Treatment Plant Managers
  • Modeling Issues
  • Modeling Issues Continued
  • Effect of Scientific Uncertainty on Water-Quality Trading
  • Summary: Do Not Despair
  • The Human Factor
  • Conclusion
  • References
  • Chapter Seven: Societal Requirements for Water-Quality Trading
  • Introduction
  • Trading Program Criteria
  • Necessary Program Elements
  • General Program Elements
  • Program Elements to Ensure Equivalence
  • Program Elements to Ensure Additionality
  • Program Elements to Ensure Efficiency
  • Program Elements to Ensure Accountability
  • References
  • Chapter Eight: Gaining Public Acceptance
  • Introduction
  • Typical Objections and Barriers to Water-Quality Trading
  • Identifying and Involving Stakeholders
  • Guidelines for Successful Stakeholder Involvement
  • Leadership
  • Communication
  • Stakeholder Interests and Motives
  • Common Goals
  • Consensus and Progress
  • Document Decisions
  • Conclusion
  • References
  • Chapter Nine: Making the Decision
  • Introduction
  • The Trading Checklist
  • Conclusion
  • List of Acronyms
  • Glossary
  • Appendix A: A Synopsis of Michigan’s Water-Quality-Trading Regulations
  • Appendix B: Best Management Practice List for the Lower Boise River Pollution Trading Program
  • Appendix C: Perpetual Conservation Easement
  • Appendix D: Water-Quality-Trading Resources Environmental Trading Network
  • Index