Market-based mechanisms for addressing environmental externalities have the potential to reduce environmental harms at lower cost and with
greater efficiency than more traditional command-and-control approaches. However, the use of “cap and trade” mechanisms also entails overcoming a number of challenges including institutional capacity, initial allocation, and distributional equity, among others. This dicussion will focus on an innovative use of market-based mechanisms as an alternative to command-and-control regulation for controlling water pollution. Amelia Letnes from the U.S. Environmental Protection Agency will discuss the lessons of the U.S. experience in applying water quality trading.
How to join! Wednesday, November 9 | 12:30pm – 2:00pm

comprehensive coverage and financial sustainability goals to become a recognized global model for water sector management and performance? Can a country without a single sewer line in 1958 have 90 percent of its wastewater treated by 2012?

public (municipal and regional), private and mixed-ownership water utilities in Colombia, which have realistic chances of becoming IFC investment and advisory clients (criteria to be provided further). A consultant will collect comprehensive in-depth information on these utilities as per TOR. In addition, a brief review of the institutional and regulatory environment pertaining to the water sector in Colombia will have to be prepared.
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