Water Market Brownbag Lunch Discussions

Interstate Commission on the Potomac River Basin

Water markets are a promising tool for managing water scarcity. Water trading systems are developing and expanding throughout the world, especially in areas which have recently suffered serious drought. Though the eastern United States is fortunate to have relatively ample water supplies much of the time, severe droughts have occurred in the past and can be expected to occur in the future. Population growth and potential impacts of climate change may exacerbate water shortages in future droughts.

Conditions in the upper Potomac River basin, that is, the portion of the watershed upstream of Little Falls dam near Washington, D.C., are such that a water market may be feasible and may contribute to a more efficient use of regional resources. Potential problems in future water availability have been established and stakeholders are searching for solutions. Regulatory drivers are already in place which require certain water users to secure water storage to mitigate consumptive use of water. A nascent market for water storage is already evident.

Beginning in November 2015, the Interstate Commission on the Potomac River Basin (ICPRB) held a series of brown bag lunchtime meetings focused on water markets beginning. The schedule for the meetings, as well as links to any reading materials, is below.

Goal

Provide an informal venue for participants to:

  • Learn about existing water and environmental markets, including institutional and regulatory support and technical support tools
  • Discuss the potential role of water markets in assuring the adequacy of water supplies and stream flows
  • Discuss ways in which ICPRB and others could facilitate the development of a water market in the upper Potomac basin

Schedule

Time: 11:30am-12:30pm
Date  Topic  Leader
Nov. 4, 2015 Scope and Background Cherie Schultz, ICPRB
Dec. 9, 2015 Overview of Water Markets in California Susan Burke & Paul Leonard, Cardno
Jan. 7, 2016 Water Markets in California: Case Studies Susan Burke, Cardno
Feb. 3, 2016 Nutrient Trading in the Chesapeake Bay Watershed Mindy Selman, Office of Environmental Markets, USDA
Mar. 2, 2016 DC’s Stormwater Retention Credit Trading Program Evan Branosky, Stormwater Management Division, DOEE
Apr. 7, 2016 Groundwater Trading in Virginia Kurt Stephenson, Department of Agricultural and Applied Economics, Virginia Tech
May 26, 2016 Water Trading in Australia Mike Young, research chair in water and environmental policy, University of Adelaide

Resources

Meeting 7 (May 26), Water Trading in Australia

Presentation

Background Reading


Meeting 6 (Apr. 7), Groundwater Trading in Virginia

Presentation


Meeting 5 (Mar. 2), DC’s Stormwater Retention Credit Trading Program

Presentation

Background Reading


Meeting 4 (Feb. 3), Nutrient Trading in the Chesapeake Bay Watershed

Presentation

Background Reading


Meeting 3 (Jan. 7), Case Studies of Water Markets in California

Presentation

Background Reading – see reading for Dec. 9 session.


Meeting 2 (Dec. 9), Overview of Water Markets in California

Presentation

Background Reading


Meeting 1 (Nov. 4), Scope and Background

Presentation

Water demand and availability in the upper Potomac River basin

Washington metropolitan area regional agreements related to the Potomac River

State regulations related to upper Potomac River basin withdrawals

  • Consumptive Use of Surface Water in the Potomac River Basin, in Code of Maryland Regulations Title 26 DEPARTMENT OF THE ENVIRONMENT, Subtitle 17 WATER MANAGEMENT, Chapter 07: 26.17.07.0126.17.07.0226.17.07.03, and 26.17.07.04
  • Low-flow protections in Potomac River, in Code of Virginia, Title 62.1 Waters of the State, Ports, and Harbors, Chapter 3.1 State Water Control Law: § 62.1-44.15:5.02.
  • Establishing applicable standards, limitations or other VWP permit conditions, in Virginia Administrative Code, 9VAC25-210-110

For more information, please contact us.