Market-based environmental policy and the Clean Water Act is the topic of a seminar on Tuesday, October 21, from noon to 1 p.m. in the La Follette School conference room.
Morgan Robertson, and assistant professor in the university's Geography Department, will present.
The Clean Water Act's wetlands and water quality programs increasingly depend on market-based strategies for their implementation. Data on wetland banking suggest that it is poised to dominate the practice of wetland compensation for permitted impacts. The water quality market, however, is struggling, despite having been an implementation focus of the U.S. Environmental Protection Agency for more than 20 years. Robertson will discuss the features of wetland banking as a practice and the limitations of water quality trading, and consider the emerging practice of "ecosystem service stacking" in the context of multiple regulatory markets in environmental policy.