Nutrient Trading Update

Abstract

The Pennsylvania Infrastructure Investment Authority (PENNVEST) and the Department of Environmental Protection (DEP), along with financial information services company Markit, recently held a nutrient credit auction in March 2012 for the sale and purchase of nutrient credits in Pennsylvania's Chesapeake Bay Watershed. The auction resulted in the trade of over 145,000 nutrient credits for the Susquehanna Watershed, providing the nutrient credit purchasers a cost-effective method to meet their nutrient reduction quotas.