This paper, by Richard McNeil, explores Water Quality Trading (WQT) as a complement to the traditional regulatory approach to reducing water pollution. It examines the theory behind WQT, reviews common practices where trading has been introduced, and identifies principles for effective programs. It presents two Ontario case studies: the South Nation River watershed, where WQT has been a success, and the Lake Simcoe watershed, where WQT is currently being considered. Continue reading →