WATER QUALITY TRADING KEYS TO SUCCESS Every trading program should strive to be: T RANSPARENT R A D Keep the public informed at every step of the process by: "& Involving stakeholders in the design of the trading program; "& Communicating to the public information deemed necessary to maintain stake- holder confidence. E Show pollutant reductions and water quality improvement by: "& Measuring reductions; "& Verifying BMP installation and maintenance, e.g. through a third-party. CCOUNTABLE Manage the program effectively by: ft Including trade tracking mechanisms in the program design; ft Periodically reviewing the program's process and results. EFENSIBLE Base the program on sound science and protocol by: ft Using dynamic water quality models; ft Requiring credit generators to certify credits; ft Developing scientifically-based trading ratios. NFORCEABLE Establish responsibility for meeting or exceeding water quality standards by: ft Incorporating clearly-articulated trading provisions in NPDES permits. United Slates WQT Toolkit for Permit Writers. August 2007 —-—. " *~ June 2007 833-F-07-005 ------- |