What types of environmental policies are protecting your local waterways?

When the US Environmental Protection Agency was first created, most regulations followed a command-and-control model in which polluters must meet requirements individually. Today, market-based environmental policies are increasingly popular. Todd BenDor, Associate Professor and Director of UNC’s City and Regional Planning PhD Program, recently gave a lecture on water quality trading and transfer of development rights programs and discussed his plans for research on these two types of market-based policies.

Water quality trading can be a viable means for producing substantial cost savings while meeting water quality goals. But what exactly is water quality trading and how can a community take full advantage of it? This post explores some of the potential benefits associated with water quality trading and hurdles to implementing a successful program. Continue reading