This Week in Water:
Feds Stepping up Support For Water Quality Markets
NOTE: This article has been reprinted from Ecosystem Marketplace's W.E.T. newsletter. You can receive this summary of global news and views from the world of water automatically in your inbox by clicking here.
7 February 2012 |
The past few weeks have been busy ones for the Forest Trends team - we're hard at work on a new online platform that will bring you all things watershed payment-related, from a project development cycle guide to a global inventory of programs. We'll be launching our new venture early next month; stay tuned for updates!
As part of the launch of the new site, we'll be rebranding W.E.T. with a new name and look: expect the "The Water Log" hit your inbox next month. Our coverage of news and highlights in environmental water markets and natural water infrastructure investment won't change.
In this month's newsletter we find the US federal government, which had been dragging its feet for a while on supporting ecosystem service markets, finally showing some decisive action. The USDA has pledged $10 million to develop water quality trading programs, while the EPA's new Integrated Planning Framework aims to streamline clean water permitting and encourage green infrastructure and trading instead of end-of-pipe solutions. The Obama administration wants to tackle big problems like Chesapeake Bay cleanup and stormwater/other nonpoint source pollution, and it's betting on markets to find creative, cost-effective solutions.
We'd also like to draw your attention down under, where Australia is debating the merits of a new draft plan for the Murray-Darling Basin. With a $3 billion purse to buy water rights and leave them in-stream to protect river systems, the government's plan is one of the biggest watershed payment programs in the history. But the science behind the new management plan is suspect, and many want the current draft plan scrapped.
And as always, W.E.T. wants to know what you're working on. If you've developed a project or published a report recently that you think would be of interest to other W.E.T. readers, drop us a line! Our email address is posted below. We look forward to hearing from you.
- The Ecosystem Marketplace Team
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