After the success of the Acid Rain Program, pollution trading became a
more acceptable policy in dealing with pollution problems. Trading of
pollution credits and allowances helps to achieve environmental goals
faster and more co- effectively. Although for the past 20 years water
pollution trading had been in effect for as long as air pollution
trading, many water quality trading programs - as compared to air
pollution trading programs - lack success in the implementation of
trading. The motivation factor for my work came from an interest in
learning and understanding what the differences were that culminated in
different levels of success being achieved between water pollution
trading programs and air pollution trading programs. Moreover, another
incentive was not only to understand what the role of trading should be
for managing water quality, but also how to better improve the water
quality trading programs in order to become successful. This book
focuses on the examination of problems existing within a mark- based
system for water pollution control policy in the United States, and
provides essential information for introducing market-based instruments
for water quality management, presents general situations where trading
may or may not work, and offers a recommendation for those interested in
developing new water trading programs as a suitable option for solving
localized water pollution, for ?ne-tuning the system after
implementation, and for overcoming trading obstacles. The book is
divided into 5 chapters.