Despite being touted as a less costly approach to curbing stormwater pollution, nutrient trading has yet to catch on among Chesapeake Bay localities. A recent report by the World Resources Institute and the Chesapeake Bay Foundation details the hurdles that are keeping the market-based approach from getting off the ground.
The report’s authors worked alongside officials in Maryland’s Montgomery and Queen Anne’s counties and in Virginia’s Arlington County for almost five years to help them establish a framework for trades. Each will need to reduce stormwater runoff to meet Bay pollution limits, and the two nonprofits had hoped to get the localities to demonstrate how trading could help satisfy some of those requirements at a lower cost.[Continue Reading]
The Bay Journal is a partner in the 2017 Chesapeake Bay Summit, a discussion about key issues in the Bay restoration hosted by Maryland Public Television during Chesapeake Bay Week. You can visit the MPT web site for ways to view the program, and read the related articles here: