1. Solveig Nordström and Karl Johan Lehtinen, NEFCO
NUTRIENT QUOTA AND CREDITS TRADING SYSTEM AN OUTLINE PROPOSAL FOR COST EFFICIENT REDUCTION OF EUTROFICATION AS PART OF THE HELCOM BSAP by
Solveig Nordström and Karl Johan Lehtinen, NEFCO
HELCOM BSAP

2. REASONS
Need for a tool to accelerate implementation of emission reductions
Carrots are needed rather than legislative sticks for cost efficient reductions beyond the baseline - also for non point sources
A possibility for attracting open sector financing for
win-win solutions still applying the polluter pays principle
HELCOM BSAP

3. APPROACH Agreement at political level
Detailed legal and institutional aspects
Proposal for detailed scheme
Expert group discussion and recommendations
Adoption by relevant political instances
HELCOM BSAP

4. DISCUSSION POINTS QUOTAS Definition of quotas and eligible sectors
(public infrastructure, agriculture, forestry, industry,
energy, land and maritime transport, rural dwellings)
Distribution of quotas between countries and sectors
How to treat legal requirements
(EU Directives, Russian related specific issues)
Identification of national transition periods
HELCOM BSAP

5. 2. ELIGIBLE INVESTMENTS - BAT
DISCUSSION POINTS
2. ELIGIBLE INVESTMENTS - BAT
Definition of BAT within sectors
Transaction costs versus size and type of investment
Clustering/grouping of small non point sources
HELCOM BSAP

6. 3. INSTITUTIONAL AND GOVERNANCE STRUCTURE
DISCUSSION POINTS
3. INSTITUTIONAL AND GOVERNANCE STRUCTURE
Super national monitoring body - HELCOM?
National body responsible for coordination - MOEs
Clearing house(s) - NEFCO etc.
Documentation / monitoring schemes
HELCOM BSAP

7. 4. SPECIFIC FINANCING ISSUES? 5. TRIAL PERIOD
DISCUSSION POINTS
4. SPECIFIC FINANCING ISSUES?
5. TRIAL PERIOD ?
Testing by means of project examples
6. PROMOTION OF THE SCHEME
SWOT Analysis
(strengths, weaknesses, opportunitites, threats)
Funds for Technical Assistance
HELCOM BSAP

8. 7. PLAN FOR EXECUTION OF THE SCHEME
DISCUSSION POINTS
7. PLAN FOR EXECUTION OF THE SCHEME
T-O-R for investigations - 2 steps approach
Time schedules
Responsibilities
HELCOM BSAP