The U.S. Department of Agriculture announced today (January 13) that the Natural Resources Conservation Service (NRCS) will offer up to $10 million in grants for proposals on how to set up and improve water quality trading markets, a potential market-based financing mechanism for the cleanup of impacted surface waterways such as the Mississippi River, northern Gulf of Mexico and Chesapeake Bay. NRCS is providing funds for the projects through its Conservation Innovation Grant (CIG) program, with up to $5 million focused on water quality credit trading in the Chesapeake Bay watershed. Proposals for projects are due March 2, 2012.
A webinar will be held January 24 at 3:00 PM (Eastern) to provide more details to potential applicants. In the webinar USDA officials and staff will discuss the goals of the program and answer questions about its request for proposals. For more webinar details go to this CIG website.
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