An evaluation of water quality trading for Georgia watersheds
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Water quality trading is a policy tool that can improve the cost-effectiveness of achieving environmental goals and provide options for environmental compliance. It is not currently used in the state of Georgia, but it has been established in other watersheds in the U.S., and the U.S. Environmental Protection Agency (EPA) is actively promoting its implementation. In trading programs elsewhere, the primary barrier to trading activity is a lack of adequate financial incentives, which are closely tied to the level of environmental regulation. If the state of Georgia implements nutrient standards in response to EPA guidelines, interest in water quality trading in Georgia is likely to increase. This research seeks to evaluate the applicability of water quality trading in Georgia watersheds.