The role of nutrient credit trading for total maximum daily load compliance by the urban stormwater sector: Evidence from Virginia's Municipal Separate Storm Sewer Systems

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dc.contributor.authorFerris, William N.en
dc.contributor.authorStephenson, Stephen Kurten
dc.date.accessioned2025-01-27T14:25:20Zen
dc.date.available2025-01-27T14:25:20Zen
dc.date.issued2023-12-19en
dc.description.abstractWater quality credit trading has been advanced as a cost-effective means of achieving regulatory compliance. However, the volume of trading activity in operational programs is typically less than estimated by empirical analysis. The compliance behavior of Virginia Municipal Separate Storm Sewer Systems (MS4s) is studied in response to the Chesapeake Bay total maximum daily load (TMDL) to understand the circumstances in which trading is adopted, the extent to which trading is adopted, and the factors contributing to trading's use or nonuse. Results indicate that MS4s generally prefer to install their own pollutant control measures rather than trade. Many MS4s, however, rely on trade as a backup compliance option. MS4s favor bay compliance options that help meet other local management objectives (erosion control, infrastructure protection, and reductions toward local water quality objectives) and provide long term pollutant control benefits. Low cost term credits do not provide such benefits. For perpetual credits, MS4s use a variety of strategies to substantially reduce the cost differences between trade and nontrade compliance options.en
dc.description.sponsorshipInstitute for Critical Technologies and Applied Science, Virginia Techen
dc.description.versionPublished versionen
dc.format.extentPages 392-405en
dc.format.extent14 page(s)en
dc.format.mimetypeapplication/pdfen
dc.identifier.doihttps://doi.org/10.1111/1752-1688.13176en
dc.identifier.eissn1752-1688en
dc.identifier.issn1093-474Xen
dc.identifier.issue2en
dc.identifier.orcidStephenson, Stephen [0000-0003-0747-6661]en
dc.identifier.urihttps://hdl.handle.net/10919/124384en
dc.identifier.volume60en
dc.language.isoenen
dc.publisherWileyen
dc.rightsCreative Commons Attribution-NonCommercial-NoDerivatives 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/en
dc.subjectwater quality economicsen
dc.subjectenvironmental regulationsen
dc.subjectbest management practices (BMPs)en
dc.subjectplanningen
dc.subjectstormwater managementen
dc.subjecttotal maximum daily loading (TMDL)en
dc.titleThe role of nutrient credit trading for total maximum daily load compliance by the urban stormwater sector: Evidence from Virginia's Municipal Separate Storm Sewer Systemsen
dc.title.serialJournal of the American Water Resources Associationen
dc.typeArticle - Refereeden
dc.type.dcmitypeTexten
dc.type.otherArticleen
dc.type.otherJournalen
pubs.organisational-groupVirginia Techen
pubs.organisational-groupVirginia Tech/Agriculture & Life Sciencesen
pubs.organisational-groupVirginia Tech/Agriculture & Life Sciences/Agricultural & Applied Economicsen
pubs.organisational-groupVirginia Tech/All T&R Facultyen
pubs.organisational-groupVirginia Tech/Agriculture & Life Sciences/CALS T&R Facultyen

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