Cover -- Contents -- Foreword -- Preface -- About the Authors -- About the Reviewers -- Chapter One58; An Introduction to Water45;Quality Trading -- Introduction -- What Is Water45;Quality Trading63; -- The Sulfur Dioxide Allowance Market -- A Brief History of Trading from the Wastewater Perspective -- Purpose and Structure of the Book -- References -- Chapter Two58; General Conceptual Models for Water45;Quality Trading -- Introduction -- Managed Trading -- Trading Associations -- Marketlike Trading -- The Michigan Rules -- Conclusions -- Small45;Scale Offset Programs -- Conclusion -- References -- Chapter Three58; Water Quality and Wastewater Treatment Plants -- Introduction -- Water45;Quality Standards -- Designated Uses -- Water45;Quality Criteria -- Issues with Water45;Quality Standards -- Designated Uses -- Numeric Water45;Quality Criteria -- Narrative Water45;Quality Criteria -- Antidegradation -- Derivation of Effluent Limits from Water45;Quality Standards -- Antibacksliding -- Clean Water Act Section 30340;d41;Total Maximum Daily Loads -- Identification and Listing of Impaired Waters -- Data Needs -- Measuring Impairment -- Structure of the Impaired Waters List -- Development of Total Maximum Daily Loads -- Issues and Concerns with Total Maximum Daily Loads -- Adaptive Implementation -- Trading and Water45;Quality Management and Planning -- Authority to Trade -- Water45;Quality Planning -- Water45;Quality Standards -- Antidegradation -- Antibacksliding -- Total Maximum Daily Loads -- Other Analytical Frameworks -- Geographic Trading Areas -- National Pollutant Discharge Elimination System Permits -- Tradable Pollutants -- Types of Trading -- Watershed Scenarios -- The Receiving Water Body Is Unimpaired or Has Not Been Assessed -- The Receiving Water Body Is Impaired44; But a Total Maximum Daily Load Has Not Yet Been Implemented -- The Receiving Water Body Is Impaired and a Total Maximum Daily Load Has Been Implemented -- References -- Chapter Four58; An Economic Framework for Evaluating Trading Opportunities -- Introduction -- Estimating Credit Need -- Example Wastewater Treatment Plant -- Identifying Trading Options -- Possible Sources of Reductions or CreditsTechnical Options -- Market Positions -- Potential Credit Sources as They Relate to the Wastewater Treatment Plants Market Position -- Characterizing Trading Options -- Cost and Cost45;Related Factors -- On the Plus SideRevenue Opportunities and Other Monetizable Benefits -- Benefits Not Always Easily Monetized But Generally Quantifiable -- Environmental Effectiveness58; The Divisor in the Cost45;Effectiveness Equation -- Evaluating the Cost and Benefits of Trading Options -- Evaluating Trading Options -- Defining the Trading Options to Be Evaluated -- Selecting the Decision Criteria -- Applying the Decision Criteria and Evaluating the Options -- Develop Trading Proposals -- References -- Chapter Five58; Trade -- Introduction -- General Trading Considerations -- Identifying and Quantifying Trading Needs -- Eligibility to Trade -- Finding Trading Partners -- Special Issues with Point8211;Nonpoint45;Source Trading -- Trading Ratios -- Credit for Multiple Benefits -- Water Qu.
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Water-quality trading is a market-based approach that allows a facility to meet its regulatory obligations by using the pollutant reductions created by another facility capable of doing it at a much lower cost. This resource is a practical guide for wastewater treatment plants to use in evaluating the potential for water-quality trading and provides the framework for designing and implementing the trade.