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Nutrient Trading in Lake Rotorua: Social, Cultural, Economic and Environmental Issues around a Nutrient Trading System
Abstract
At any point in time, all communities face a number of cultural, social, economic and environmental challenges and opportunities. The Lake Rotorua catchment is no different. Water quality in the Rotorua lakes is one of the pressing issues in the catchment, but it is not the only problem residents are facing. A nutrient trading system is one method regulators are considering to control nutrient loss and improve water quality in Lake Rotorua. Such a system aims to achieve nutrient loss targets at the least cost. However, a nutrient trading system is likely to impact - and be impacted by - other issues in the region. This paper discusses how policy makers should account for wider impacts and factors impacted by a nutrient trading system, and discusses how these factors should or should not affect the design of the system. The paper gives examples of environmental, social, cultural and economic issues.
Citation
Kelly Lock and Suzi Kerr. 2008. Nutrient Trading in Lake Rotorua: Social, Cultural, Economic and Environmental Issues around a Nutrient Trading System. Motu Manuscript.
Motu code: MEL0319
JEL codes: Q53, Q57, Q58