Nutrient Trading in Maryland: Opportunities, Challenges, and Pitfalls
The Maryland Department of the Environment recently proposed new regulations to establish a nutrient trading program in Maryland, an effort that began over a decade ago to attempt to reduce nutrient discharges to the Chesapeake Bay Watershed by incentivizing dischargers, including agricultural operations and wastewater treatment plants, to implement controls on discharges of nutrients in exchange for credits that can be sold on an open market. Please join us as we unpack the proposed regulations and discuss what you need to know.
Topics will include:
The rules of the road for nutrient trading in Maryland
Who can generate and sell credits, and who can buy them
Potential risks for credit generators and buyers
Whether the new program will help jurisdictions, such as Baltimore City, meet their MS4 permit obligations more cheaply