Market Solutions and Restoring the Chesapeake
As part of its second quarterly meeting in Washington, D.C., the Chesapeake Bay Commission hosted an in-person briefing for Congressional staff and invited guests on the subject of nutrient trading. Due to space limitations, others were able to join via webinar, courtesy of Penn State University. To view the recorded webinar, click on the link at the bottom of the page.
- Virginia Senator Emmett Hanger (District 24), chairman at the Chesapeake Bay Commission, and Ann Swanson, Executive Director of the Chesapeake Bay Commission. Both of these presenters spoke about the opportunities and needs for market-based solutions.
- Dan Nees, Senior Research Associate for the Environmental Finance Center, University of Maryland, addressed the fundamentals for understanding nutrient trading.
- Joseph H. Maroon, Principal of Maroon Consulting, LLC, presented "A Regional Work in Progress"- Trading Within the Chesapeake Watershed.
- George Van Houtven, and Associate Director and Senior Economist at the Environmental, Technology and Energy Economist at RTI International, closed with discussing the potential economic impact of trading on the cost of implementing the TMDL. At this time, there was also the release of the Commission's latest report: "Economics of Nutrient Trading in the Chesapeake Bay Watershed"