Water Quality Markets Resources: Trading Fundamentals

Presentations and resources related to the Fundamentals of Water Quality Markets and Trading

PRESENTATIONS:

Setting Baseline & Who Can Trade:

• Ann Sorensen, American Farmland Trust
• Amelia Letnes, U.S. Environmental Protection Agency
• Larry Antosch, The Ohio Farm Bureau Federation

Managing Risk & Uncertainty:

• Mindy Selman, U.S. Department of Agriculture
• Jessica Fox, Electric Power Research Institute
• Ryan Bennett, National Milk Producers Federation
• Jim Klang, Kieser & Associates 

How do you know credits are real?:

• Susan Payne, Maryland Department of Agriculture

Legal Considerations for Trading: 

• Bob Rose, U.S. Environmental Protection Agency
• Courtney Brown, Oregon Department of Environmental Quality

Facilitating Water Quality Trading Market Design & Development:

• George Kelly, Resource Environmental Solutions, LLC
• Jessica Fox, Electric Power Research Institute
• Alex Johnson, The Freshwater Institute

 Improving Water Quality Trading Programs Over Time:

• Dennis O'Grady, South Nation Conservation
• Chad Praul, Environmental Incentives

RESOURCES:

1. BBNA, “EPA Once Again Urged by Alliance To Authorize States to Carry Out Trading” 164 DEN A-10, Aug. 25, 2014 (Copyright 2014 by Bloomberg BNA. Reproduced with permission) (PDF)
2. Clean Water Act, Section 404 (33 U.S.C. Sec. 1344). (PDF)
3. Collins and Larry: “Caring for Our Natural Assets: An Ecosystem Services Perspective” USDA, Forest Service, October 2007. (PDF)
4. Council on Environmental Quality, NEPA regulations, 40 C.F.R. Parts 1500 through 1508. (PDF)
5. Defense Department, authority to participate in wetland mitigation and conservation banks, 10 U.S.C. Secs. 2694b and 2694c (PDF)
6. Department of the Interior, “A Strategy for Improving the Mitigation Policies and Practices of The Department of the Interior,” April 2014. (PDF)
7. Department of the Interior, Secretarial Order No. 3330 “Improving Mitigation Policies and Practices of the Department of the Interior” Oct. 31, 2013. (PDF)
8. DOT, Federal Highway Administration, Mitigation of Impacts to Wetlands and Natural Habitat regulations, 23 C.F.R. Part 777. (PDF)
9. Electric Power Research Institute (EPRI).  Abstracts Related to Water Quality Trading. (PDF)
10. Electric Power Research Institute (EPRI).  Case Studies of Water Quality Trading Being Used for Compliance with Nutrient NPDES Permit Limits, December 2013. (LINK) (PDF)
11. Endangered Species Act, 
    a. Sec. 7 (16 U.S.C. Sec. 1536) (PDF)
    b. Sec. 10 (16 U.S.C. Sec. 1539) (PDF)
12. Environmental Law Institute. 2005 Status Report on Compensatory Mitigation in the United States. Washington, DC, 2006. (PDF)
13. EPA Compensatory Mitigation for Losses of Aquatic Resources, 40 C.F.R. Part 230, Subpart J. (PDF)
14. EPA Sulfur Dioxide Allowance System, 40 C.F.R. 73. (PDF)
15. Executive Order 13563—Improving Regulation and Regulatory Review, Jan. 18, 2011. (PDF)
16. Executive Order 13604—Improving Performance of Federal Permitting and Review of Infrastructure Projects, March 28, 2012. (PDF)
17. Executive Order 13186. Responsibilities of Federal Agencies to Protect Migratory Birds, signed Jan. 10, 2001 (Sec. 3(e)(2) restore and enhance the habitat of migratory birds, as practicable). (PDF)
18. Federal Land Policy and Management Act (43 U.S.C. 1701 et seq.) (PDF)
19. The Freshwater Trust. BasinScout: Watershed Restoration Methodology, Info Sheet. (PDF)
20. The Freshwater Trust. Water Quality Trading: Program Overview, Info Sheet. (PDF)
21. Forest Trends, Ecosystem Marketplace Initiative. Gaining Depth: State of Watershed Investment 2014 Report:   (LINK) (PDF)
22. Forest Trends, The Katoomba Group and UNEP.  “Payments for Ecosystem Services: Getting Started – A Primer.” 2008 (PDF)
23. Kiesecker, Joseph M, et. al. “Development by Design: blending landscape-level planning with the mitigation hierarchy.” Front. Ecol. Environ. Doi: 10.1890/090005, 2009. (PDF)
24. Lahontan Regional Water Quality Control Board and Nevada Division of Environmental Protection. “Lake Clarity Crediting Program Handbook: For Lake Tahoe TMDL Implementation”, August 2015. (PDF)
25. Lahontan Regional Water Quality Control Board and Nevada Division of Environmental Protection. “Lake Tahoe TMDL Program Management System Handbook: Guiding Efforts to Restore Lake Tahoe’s Historic Clarity”, December 2014. (PDF)
26. LaRocco, Gina L.; Deal, Robert L. “Giving credit where credit is due: increasing landowner compensation for ecosystem services” USDA, Forest Service, 2011. (PDF)
27. Madsen, Becca et al. “Update: State of Biodiversity Markets.” Washington, DC. Forest Trends. 2011. (PDF)
28. Magnuson-Stevens Fishery Conservation and Management Act - As amended 2007. (PDF)
29. Maillett and Simon: “Characteristics of Existing Federal Conservation Banks” USFWS Discussion Paper, September 2007. (PDF)
30. Marine Mammal Protection Act of 1972, as amended (16 U.S. C. 1361). (PDF)
31. McKenney, Bruce and Joseph M. Kiesecker, “Policy Development for Biodiversity Offsets: a Review of Offset Frameworks,” Environmental Management 45:165, 2010. (PDF)
32. National Association of Conservation Districts, “Markets, Trading and Credits: New Opportunities for Conservation Districts” Spring 2009. (PDF)
33. National Environmental Policy Act (42 U.S.C. 4321 et seq.) (PDF)
34. National Marine Fisheries Service regulations, 50 C.F.R. Parts 222. (PDF)
35. The National Network on Water Quality Trading. Building a Water Quality Trading Program: Options and Considerations, 2015.  (LINK) (PDF)
36. The National Network on Water Quality Trading. Building a Water Quality Trading Program: Options and Considerations, 2015, Executive Summary.  (LINK) (PDF)
37. The National Network on Water Quality Trading. Building a Water Quality Trading Program: Options and Considerations – Sector Summaries:
    a. Agriculture Community Focus Summary by American Farmland Trust (PDF)
    b. Environmental Community Focus Summary by Environmental Law and Policy Center (PDF)
    c. State Perspectives by the Association of Clean Water Administrators (PDF)
    d. NACWA Perspectives on Water Quality Trading (PDF)
    e. Trading Practitioner Focus Summary by Troutman Sanders (PDF)
38. The National Network on Water Quality Trading, National Network Overview, June 10, 2015. (PDF)
39. NOAA Catch Share Policy, 2010. (PDF)
40. NRCS & USFWS, “Partnership Agreement Between the US Department of Agriculture Natural Resources Conservation Service and the US Department of the Interior Fish and Wildlife Service and Association of Fish and Wildlife Agencies”, April 2007. (PDF)
41. Presidential Memorandum—Modernizing Federal Infrastructure Review and Permitting Regulations, Policies and Procedures, May 17, 2013. (PDF)
42. Presidential Memorandum—Transforming Our Nation’s Electric Grid Through Improved Siting, Permitting and Review, June 7, 2013. (PDF)
43. Section 314(b) of the 2004 National Defense Authorization Act (Pub. L. 108–136) [authorizing USACE regulations for onsite, offsite and in-lieu fee mitigation] (PDF)
44. U.S. EPA.  Water Quality Trading Assessment Handbook:  Can Water Quality Trading Advance Your Watershed’s Goals?, EPA 841-B-04-001,  November 2004.   (LINK) (PDF)
45. U.S. EPA.  Water Quality Trading Policy, Office of Water, January 13, 2003. (PDF)
46. U.S. EPA.  Water Quality Trading Program Fact Sheets, Appendices to Water Quality Trading Toolkit for Permit Writers, EPA 833-R-07-004, Published August 2007, Updated June 2009. (PDF)
47. U.S. EPA.  Water Quality Trading Toolkit for Permit Writers, EPA 833-R-07-004, Published August 2007, Updated June 2009. (PDF)
48. EPA & USDA, “Partnership Agreement Between the US Department of Agriculture and the US Environmental Protection Agency Regarding Water Quality Trading”, November 2013. (PDF)
49. Fish and Wildlife Coordination Act (16 U.S.C. 661 et seq.) (PDF)
50. USFWS “Conservation Banking: Incentives for Stewardship” July 2009 (PDF)
51. USFWS “Guidance for Establishment, Use, and Operation of Conservation Banks” issued May 8, 2003, 68 Fed. Reg. 24753. (PDF)
52. USFWS, “Mitigation Policy,” 46 Fed. Reg. 7643, Jan. 23, 1981 [in process of being updated]. (PDF)
53. USFWS. Programmatic Formal Consultation for US Army Corps of Engineers 404 Permitted Projects that May Affect Four Endangered Plant Species on the Santa Rosa Plain, California. 1998 (PDF)
54. USFWS. Programmatic Formal Consultation on Issuance of 404 Permits for Projects with Relatively Small Effects on Listed Vernal Pool Crustaceans Within the Jurisdiction of the Sacramento Field Office, California. 1996. (PDF)
55. USFWS, Strategic Habitat Conservation: Landscape Conservation Cooperatives Fact Sheet, July 2012. (PDF)
56. USACE.  Model “Operational Guidelines for Creating or Restoring Wetlands that are Ecologically Self-Sustaining” for Aquatic Resource Impacts Under the corps Regulatory Program Pursuant to Section 404 of the Clean Water Act and Section 10 of the Rivers and Harbors Act. Memorandum to the Field. Oct. 29, 2003. (PDF)
57. USACE “National Wetland Mitigation Banking Study: Technical and Procedural Support to Mitigation Banking Guidance” IWR Technical Paper WMB-TP-2, December 1995. (PDF)
58. USACE Wetland Compensatory Mitigation Regulations, 33 C.F.R. Part 332. (PDF)
59. USDA, Natural Resources Conservation Service, “Natural Resources Credit Trading Reference,” October 2011. (PDF)
60. Woodward, Richard T. and Ronald A. Kaiser. Market Structures for U.S. Water Quality Trading. Review of Agricultural Economics 24(2): 366-383, 2011.  (LINK) (PDF)
61. Working Lands Investment Partners LLC, “Environmental Credit Markets: An Investment Primer” October 2009. (PDF)
62. World Resources Institute, “Current and Potential Roles for Government in Facilitating Water Quality Markets”. (PDF)
63. World Resources Institute, “How Can Conservation Programs Effectively Interact with Environmental Markets?” (PDF)

• The Environmental Trading Network
• National Mitigation Banking Association
• NOAA Habitat Conservation, NOAA’s Coastal Blue Carbon Efforts
• USDA Natural Resources Conservation Service Regulation 5600-003: USDA Roles in Market-Based Environmental Stewardship
• US EPA Clean Air Markets
• US EPA Final Water Quality Trading Policy, Jan. 13, 2003
• US EPA Water Quality Trading Toolkit for Permit Writers

• Fiorino, Daniel J. The New Environmental Regulation. 2006
• Klein, Christine A., Zellmer, Sandra B. Mississippi River Tragedies: A Century of Unnatural Disasters. 2014.
• Water Environment Federation.  Advances in Water Quality Trading as a Flexible Compliance Tool, P150004, 2015.  Request for reprint.
• Zellmer, Sandi B., Laitos, Jan G. Principles of Natural Resources Law. 2014.