What is the future of water quality trading?

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What is the future of water quality trading?

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Section 1: Publication

Publication Type

Authorship

Liu, H., Brouwer, R.

Title

What is the future of water quality trading?

Year

2023

Publication Outlet

Contemporary Economic Policy, 41(1): 194-217

DOI

https://doi.org/10.1111/coep.12583

ISBN

ISSN

Citation

Liu, H., Brouwer, R. (2023) What is the future of water quality trading?. Contemporary Economic Policy, 41(1): 194-217. https://doi.org/10.1111/coep.12583

Abstract

A comprehensive review of experiences with water quality trading (WQT) programs worldwide is presented, spanning altogether more than 4 decades. A new WQT database is built, extracting data and information from existing review papers, complemented with gray and published literature about individual trading programs. Key aspects that affect trading volumes and program continuation are identified and categorized. No single success or fail factor emerges from this review, typically a mix of factors play a role. There is potential for WQT to evolve further and serve as a cost-effective pollution control instrument, but this requires nudging political will to regulate nonpoint source.

Plain Language Summary

T-2024-04-02-t1P3W5GhRyUt2QUzcbh6OY7A Publication 1.0