cap & trade in florida?€¦ · st. johns county total phosphorus (tp) 271 . $30,000/ year ....

Proprietary

©2015 WSource Group, LLC

Cap & Trade in Florida? How water quality credit trading can benefit you.

Mark P. Thomasson, P.E., LEED AP

WSource Group, LLC

[email protected]

Proprietary


Regulatory limit on discharge

Ability to create credits (allowances)

Flexibility in meeting discharge allowance

Ability to buy or sell allowances

Market driven flexibility to achieve compliance in the most affordable manner

What is Cap & Trade

Proprietary


State Level:

Oregon

Connecticut

Watershed Level:

Virginia Nutrient Credit Exchange Association/Chesapeake Bay TMDL

http://water.epa.gov/type/watersheds/trading.cfm

Where is this being done?

Proprietary


HB 2862 (2005) authorized trading & create exchange

V.N.C.E.A.I.

Voluntary, market-based nutrient credit trading

Annual compliance update

Point Source governed by GP

Non-point offset new or expanded

Compliance achieved in 2011

Virginia Nutrient Credit Exchange

The Chesapeake Bay Watershed spans six

states and the District of Columbia.

(Source: EPA)

Proprietary


Long Island Sound Nitrogen TMDL

General Permit for Nitrogen Discharges

Nutrient Credit Exchange (CTDEP)

2002 – Reduce Nitrogen by 65% by 2014

2013: $5.61/lb/yr; $60.9M

Successful - Not sustainable (59 of 79)

Connecticut’s Statewide POTW Program

Source: CTDEEP

Proprietary


Temperature main concern Water Quality Trading in NPDES Permits Internal

Management Directive, August 2012 Clean Water Services, Hillsboro, OR

5 facilities, watershed-based permit Thermal trade, supplemental stream shading,

increase base flow, BOD trade

City of Medford NPDES Permit #100985 Rogue Basin TMDL Thermal Trade

Source is the driver

Oregon Water Quality Trading

Proprietary


TMDL

Maximum capacity

NNC

When defaults to TMDL

When expresses as a load

What are caps in Florida?

Proprietary


LSJRPilot

2008 Legislature created pilot in LSJR

Statute: 403.067(10)

Rule: 62-306

Pre/Post BMAP Trades

HB 713 (2013)

Statewide rule

Trading in Florida

Source: FDEP

Proprietary


Seller Buyer Parameter

Amount

Traded

(kg/yr)

Cost for

Trade

Town of Hastings Wastewater

Treatment Plant (WWTP)

St. Johns

County

Total Phosphorus

(TP) 271

$30,000/

year

Clay County Utility Authority

(CCUA) – Aggregate Clay County

Total Phosphorus

(TP) 1,476 $0

CCUA Fleming Island WWTP Clay County Total Nitrogen (TN) 409 $0

Jacksonville Electric Authority City of

Jacksonville Total Nitrogen (TN) 30,340

$2,086,676/

year

What Trading Has Taken Place?

Proprietary


403.067 (2013)

Consistent with Fed Law

Implemented in a permit (WQCT permit)

Department establishes value

Department enforces sellers responsibilities

May be authorized in BMAPs

Department may adopt rules

HB 713 Expanded Trading

Buy

Sell

Proprietary


General Requirements BMAP or RAP Confirmed or Modeled Permit or BMAP to Sell

Eligibility Meets baseline Above requirements Not required

Process for: How quantified, LF, UF How validated

Create a public registry Compliance

What’s in the Rule?

CHAPTER 62-306

WATER QUALITY CREDIT TRADING

Proprietary


Facilities (WWTP, IWW, Ag, MS4s)

Counties, Cities (septic tanks, non-MS4)

FDOT & Ports

Owners / Developers

Operators

Consultants

The Environment!

Who can benefit?

Proprietary


EPA (water.epa.gov/type/watersheds/trading.cfm)

Environmental Trading Network (www.envtn.org)

Virginia Nutrient Credit Exchange Association (www.theexchangeassociation.org )

Connecticut Nitrogen Credit Exchange (www.ct.gov/deep)

Oregon DEP Water Quality Trading Program (www.deq.state.or.us/wq/trading/trading.htm)

Mark Thomasson: [email protected], 850-510-2226

Additional Resources

i

cap & trade in florida?€¦ · st. johns county total phosphorus (tp) 271 . $30,000/ year ....

Documents