Your SlideShare is downloading. ×
Point Source Credit Buyers
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Point Source Credit Buyers

74

Published on

Published in: Technology, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
74
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. National Roundtable on Water Quality Trading Perspective of Point Source Credit Buyers Dave Taylor Director of Special Projects Madison Metropolitan Sewerage District Phone: 608-222-1201, ext. 276 Email: davet@madsewer.org
  • 2. Background • Traditional regulatory focus is on point sources • New and/or increasingly stringent regulatory requirements • Potential limitations with “brick and mortar” approaches • Limited financial resources • Holistic, watershed based approaches needed • Trading needs to be in the toolbox
  • 3. Phosphorus  Current MMSD effluent: 0.30 mg/l  New TP regs in 2010: 0.075 mg/l  Target design criterion: 0.05 mg/l  Filtration required: $124 M Increasing Regulatory Pressure
  • 4. Water Quality Trading  Potential for lower cost  Engages multiple sources  Watershed focus  Potential for improved environmental outcomes  Value added  Without trading, some WQS may not be affordable or attainable
  • 5. What Do Point Sources Need?  Market certainty  Stable, reliable market-market certainty!  Long term-we plan in 20+ year increments  Verifiable credits  Broker  Regulatory certainty  Includes legal framework  Regulatory flexibility  Time needed to see real water quality improvements can be lengthy and project/location specific  Example-longer permit cycles or compliance schedules  Watershed based permitting
  • 6. What Do Point Sources Need? Barriers Minimized  Trade ratios that don’t remove economic incentive  Explicit + “hidden”  Trade ratios that are based on sound science and consider ancillary benefits  Baselines driven by regulatory requirements  Geographic scope that isn’t artificially constrained  Credit lifespan not artificially constrained PI = 10 PI = 4 Ag Performance Standard (PI = 6) Baseline example
  • 7. Some Closing Thoughts  POTWs will only support WQT markets that are environmentally- effective  POTWs need permit assurances-”risky” to rely on a 3rd party  Watershed-based permitting approaches help achieve goals  Outcomes matter  Need for standards, based on science, that can be applied universally  Policies need to remain flexible to cater to the unique needs and characteristics of each market and watershed

×