Is there any agency oversight of water quality credit trades?
Video Transcript
Yes, in Florida, that oversight is provided by the Florida Department of Environmental Protection. DEP has rules that outline the type of activities that can generate credits. The uses of those credits or, more particularly, what they cannot be used for, it tracks the credits through a trade registry. It also, in case there are issues with the trade, has provisions for compliance. What the rules do not do, however, is set the price of the credit that's done by the market.