Business Services Industry
EPA Unveils Water Quality Trading Policy
Mondaq Business Briefing, July, 2002
On May 15, 2002, the U.S. Environmental Protection Agency (EPA) released a proposed Water Quality Trading Policy. This new initiative can potentially benefit a wide range of municipal and commercial parties with the opportunity to apply common-sense, lower-cost and innovative solutions to water quality problems in their regions. While the focus is on nutrients and sediment, the policy also discusses the potential for trading other pollutant reductions under certain circumstances.
The new policy would strengthen and expand EPA's support for watershed-based trading set forth in EPA's May 1996 Draft Framework for Watershed-Based Trading. EPA officials believe that most trading will occur as states, tribes and sources implement programs to restore polluted waters. The...
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