Watershed-Based Trading

{
  "id": "MLC-T-ENV-030194",
  "term": "Watershed-Based Trading",
  "field": "Environment",
  "definition": "Watershed-based trading is an efficient, market-driven approach that encourages innovation in meeting water quality goals, but remains committed to enforcement and compliance responsibilities under the Clean Water Act. It involves trading arrangements among point source dischargers, nonpoint sources, and indirect dischargers in which the \"buyers\" purchase pollutant reductions at a lower cost than what they would spend to achieve the reductions themselves. Sellers provide pollutant reductions and may receive compensation. The total pollution reduction, however, must be the same or greater than what would be achieved if no trade occurred.",
  "subject": "Chemicals, toxics and pesticides",
  "references": [
    "Sediment Total Maximum Daily Loads (TMDLs) Glossary"
  ],
  "url": "https://mlchart.com/terminology/environment/watershed-based-trading/"
}