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Emmett W. Hanger, Jr.

Bay pollution trading stirs mixed feelings

Bay pollution trading stirs mixed feelings

Could pollution "trading" really shave billions of dollars from the costs of restoring the Chesapeake Bay?  Or would the long-running cleanup effort suffer at the hands of those looking to make a buck on it? A study presented Thursday to the Chesapeake Bay Commission suggests there could indeed be significant cost savings from letting polluters pay others to make less expensive reductions in bay-fouling nutrient pollution elsewhere.  RTI International, an economic consulting firm from Research Triangle Park NC, found that savings could range from 20 to 80 percent, depending on how trading is structured. That's music to the ears of local and state officials. ...

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