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Using Market
Mechanisms for Environmental Improvement - Funded Projects
The Fund has supported a collection of projects testing different
market-oriented approaches to improve the health of the Great
Lakes basin ecosystem.
Projects are demonstrating the power of market mechanisms,
including the market for risk management products and trading
schemes, to improve the health of the Great Lakes ecosystem.
Two projects-one dealing with crop insurance and the other
with business insurance-are working with insurance companies,
brokers and technical assistance providers to offer products
that promote and reward the efforts of the insured to eliminate
or reduce the environmental impacts of their practices. Another
project has been testing whether pollution cleanup-like the
pounds of pollution removed from the river-can be bought sold
and banked.
To date the Fund's investments have:
- Retired the rights to emit 17,715 tons of air pollutants
each year.
- Removed over 2000 pounds per year of nutrient pollution
from the Kalamazoo River, a tributary of Lake Michigan.
- Formed a national network of water quality trading professionals
to help connect Great Lakes practitioners to a group of
peers that provide support, guidance and much-needed critique
in efforts to develop a new approach to solving water quality
problems.
Projects
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