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A Multistate Water Quality Trading Tool for the Chesapeake Bay Mindy Selman STAC June 7, 2011

A Multistate Water Quality Trading Tool for the Chesapeake Bay Mindy Selman STAC June 7, 2011. Goal. Build a single multistate WQT platform ( NutrietnNet ) that will accommodate: Interstate trading Unique elements of state programs. Benefits. Align infrastructure Facilitate trades

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A Multistate Water Quality Trading Tool for the Chesapeake Bay Mindy Selman STAC June 7, 2011

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  1. A Multistate Water Quality Trading Tool for the Chesapeake Bay Mindy Selman STACJune 7, 2011

  2. Goal Build a single multistate WQT platform (NutrietnNet) that will accommodate: • Interstate trading • Unique elements of state programs

  3. Benefits • Align infrastructure • Facilitate trades • Standard basis for determining credits • Facilitate updates

  4. Tool Components • Multistate registry • Marketplace • Farm Profit Calculator • Calculation tool that integrates NTT • Interactive farm-level mapping

  5. Development Challenges State programs in flux (WV and VA) No state program (DE) Accomodating different state approaches e.g. baseline (practice vs. performance) Vision of Interstate trading

  6. Challenges to Reciprocity Trading ratios Baselines Stringency Certification/Verification Types of projects credited (e.g. manure export)

  7. Project Implications • Certainty programs • Use tool to assess baseline conditions • National NTT application • Ecosystem markets • Conservation programs

  8. Thank YouMindy Selmanmindy.selman@wri.org

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