Monday, August 2, 2010

PennVest Nutrient Credit Trading Mock Auction August 27, Chesapeake Bay Credit Clearinghouse Formed

The PA Infrastructure Investment Authority and the Department of Environmental Protection will hold a mock auction for nutrient credit trades on August 27 as part of their initiative to jump-start the credit trading market.
DEP also plans a webinar at 10:00 a.m. on August 5 (click here to register) and will hold a live meeting of interested parties on August 18 to field questions about the mock auction and how individuals can participate.
As part of the nutrient credit trading initiative, PennVEST and DEP have created a Nutrient Credit Clearinghouse within the Chesapeake Bay Watershed in Pennsylvania.
The purpose of the Clearinghouse is to facilitate the trading of both nitrogen and phosphorous nutrient reduction credits in both the Susquehanna and Potomac watersheds.
An important, but not the only, mechanism through which PENNVEST will facilitate these trades will be the conducting of periodic nutrient credit auctions.
More specific background documents and details, visit DEP's Nutrient Credit Trading webpage.
Questions should be directed to: Paul Marchetti, PennVEST, 717-783-4496 or send email to:; Ann Roda, DEP, by sending email to: or call 717-787-4726; or Jeff O'Hara, Chicago Climate Exchange by sending email to: or call 312-229-5136.

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