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Nutrient Trading in Lake Rotorua: Goals and Trading Caps
Abstract
For a nutrient trading system to achieve the desired environmental outcome, or goal, this outcome needs to be translated into nutrient flows and allowances. To connect the nutrient loss provided for under the allowances with the environmental goal, a number of decisions need to be made. These decisions will shape the nutrient trading system. This paper looks at the information and analysis needed to ultimately define allowances and set trading caps for a nutrient trading system.
Citation
Kerr, Suzi; Kit Rutherford and Kelly Lock. 2007. "Nutrient Trading in Lake Rotorua: Goals and Trading Caps," Motu Working Paper 07-08.
Motu code: MWP0708
JEL codes: Q53, Q57, Q58