Daily Rules, Proposed Rules, and Notices of the Federal Government
Nominations must be submitted by express mail, courier service, or hand delivery to the address in this section.
Water quality trading is an innovative approach to achieve water quality goals more efficiently. Trading is based on the fact that sources in a watershed can face very different costs to control the same pollutant. Trading programs allow facilities facing higher pollutant control costs to meet their regulatory obligations by purchasing environmentally equivalent (or superior) pollutant reductions from another source at lower cost, thus achieving the same water quality improvement at lower overall cost. This recognition program will enable EPA to identify successful water quality trading programs and policies that most closely align with U.S. EPA's Water Quality Trading Policy and cooperate with those programs in order to prevent, reduce, and eliminate water pollution. This program will also help EPA promote water quality trading and create a network of water quality trading leaders throughout the country.
From the nominations submitted to EPA's Blue Ribbon Water Quality Trading Awards, EPA will select those programs and policies that best meet the evaluation criteria described below. EPA will recognize those programs and policies that are selected as leaders in the field of water quality trading.
Nominations for a Blue Ribbon Water Quality Trading Award must be for water quality trading programs or policies that have been, are being, or will be implemented in the United States, and may be either self-nominated or nominated by a third party. The following sectors are encouraged to apply: Corporations; industry; individuals; non-governmental organizations and other associations; institutions; and local, state, and tribal governments. In order to be considered for recognition, nominations must have a satisfactory compliance record with respect to environmental regulations and requirements.
Recognition will be given based on the following evaluation criteria:(1) Actual or anticipated environmental improvement; (2) actual or anticipated economic benefits; (3) transparency of trades; (4) accountability of meeting National Pollutant Discharge Elimination System (NPDES) permit limits; (5) accounting for the fate and transport of the pollutant and the possible different forms of the pollutant being traded in the design of a pollutant credit; (6) mechanisms for managing uncertainty of non-point source pollutant credits (this criterion will apply only for those programs or policies that include trading with non-point sources of pollutants); (7) stakeholder involvement; and (8) actual or anticipated evaluation of the trading program or policy.
Nominations will be judged according to the evaluation criteria (see Section IV) by a panel of national water quality trading experts. The panelists will provide recommendations to EPA, who will then consider the expert panel's recommendations when making the final selections. In addition to the expert panel's recommendations, EPA may also consider additional factors in making its final selection such as diversity of programs and policies. EPA reserves the right to contact nominees for additional information should it be deemed necessary.
Each nomination must include all the information listed below.
(1) Contact information: (a) Name of water quality trading program or policy being nominated; (b) Name of the organization(s) responsible for creating the water quality trading program or policy; (c) Name, telephone number, postal address, and e-mail of person to contact with questions regarding the nomination; and (2) A description of the water quality trading program or policy and how it addresses the evaluation criteria (see Section IV).
Nominations should not exceed 20 double-spaced pages in length of 12 point font (including all tables, timelines, charts, graphs, maps, pictures, and all other supporting materials). Nominations that exceed the 20 double-spaced page limit will not be considered. Send two printed hard-copies of the nomination and two compact discs (CDs) with the nomination in a Microsoft Word (.doc) format to the address as provided in the
EPA anticipates announcing its selections in the spring or summer of 2007. EPA will mail letters to all nominees and any third parties that made nominations indicating whether or not the water quality trading program or policy that was submitted for nomination was selected for recognition in EPA's 2007 Blue Ribbon Water Quality Trading Awards.