EPRI to Transact First Credits in water trading project.
Press Release Summary:
EPRI will facilitate trading of first stewardship credits for interstate water nutrients in USA. Marking historic milestone for only interstate and largest water quality trading project in world, event will take place March 11, 2014 in Cincinnati, OH. Those attending will learn about market-based approach for achieving water quality goals for nutrients through credit trading program as well as scientifically based approach to designing and developing markets for nutrient reduction credits.
Original Press Release:
EPRI to Transact First Credits in World's Largest Water Trading Project
The Electric Power Research Institute (EPRI) will facilitate trading of the first stewardship credits for interstate water nutrients in the United States on March 11. Water quality trading is a market-based approach that would enable facilities facing high pollution control costs to buy nutrient reduction credits from farmers who implement conservation practices on their land.
The trades mark a historic milestone for the only interstate and largest water quality trading project in the world. Representatives from Ohio, Indiana, Kentucky, US Department of Agriculture, Natural Resource Conservation Service, US Environmental Protection Agency, advisory groups, farmers and other stakeholders will be available to explain how the program works and to answer your questions.
What:Â Execution of the first water quality credit trades
When:Â 9 a.m. – 4 p.m. EDT, Tuesday, March 11, 2014
12 Noon – Media Q&A
Where:Â Westin Cincinnati, 21 E. 5th Street, Cincinnati, Ohio 45202 USA
Who: 1. Bob Perciasepe, Deputy Administrator, U.S. Environmental Protection Agency
2. Robert Bonnie, Under-Secretary, U.S. Department of Agriculture
3. Tom Easterly, Commissioner, Indiana Department of Environmental Management
4. Ted McKinney, Director, Indiana State Department of Agriculture
5. Anda Ray, Vice President, Chief Sustainability Officer, EPRI
How: To register, click on the following link:Â http://www.cvent.com/d/j4q1r7/4W. After registering, you will receive details for the event.
Why: Learn about an innovative market-based approach for achieving water quality goals for nutrients such as nitrogen and phosphorus through a credit trading program.
Find out about a comprehensive, scientifically-based approach to designing and developing markets for nutrient reduction credits.
For more information, contact Clay Perry, Senior Media Relations Manager, 202-293-6184, clperry@epri.com; or Chris Mahoney, Communications Manager – Environment, 704-595-2653, cmahoney@epri.com.
About the Electric Power Research Institute
The Electric Power Research Institute, Inc. (EPRI, www.epri.com) conducts research and development relating to the generation, delivery and use of electricity for the benefit of the public. An independent, nonprofit organization, EPRI brings together its scientists and engineers as well as experts from academia and industry to help address challenges in electricity, including reliability, efficiency, affordability, health, safety and the environment. EPRI's members represent approximately 90 percent of the electricity generated and delivered in the United States, and international participation extends to more than 30 countries. EPRI's principal offices and laboratories are located in Palo Alto, CA; Charlotte, NC; Knoxville, TN; and Lenox, MA.
