What program allows organizations like farmers to receive payment for reducing pollution discharge?

Water quality trading is a market-based approach that enables organizations, such as farmers, to receive financial incentives for reducing pollution discharges. In this program, entities that have excess capacity to reduce pollution can create credits to be sold to other organizations that may find it more challenging or expensive to meet their pollution reduction goals. This system is beneficial in promoting cost-effective environmental improvements, encouraging collaboration between different stakeholders, and achieving water quality goals without the need for stringent regulations.

The approach hinges on the principle that market dynamics can be used to elevate the efficiency of environmental efforts, where reducing pollution more affordably can be rewarded financially. This program aims to improve water quality and foster sustainable practices among farmers and other landowners while allowing them to benefit economically.