Towards Design For a Nutrient Trading Programme to Improve Water Quality in Lake Rotorua
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This paper explores how to enhance the role for academic research (natural
sciences, economics and their integration; and stakeholder management) within the
development and implementation of water quality policy in New Zealand. Our focus
is on the use of market based instruments and particularly nutrient trading
programmes, which are one important part of the potential tool kit to address these
issues. We discuss why nutrient trading might be an appropriate instrument for the
Lake Rotorua catchment. We survey the existing literature and then outline the
outstanding scientific, economic and governance questions that need to be addressed
to design an effective trading programme. Finally we discuss how to design a
process to address these questions drawing on both technical and practical knowledge
through a learning process.