Innovative tools needed for market-based nutrient offsetting

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This project will apply innovative approaches to develop a functional equivalency of nutrients from catchment versus point sources. This is fundamental knowledge needed for the successful application of nutrient offsetting. This market-based mechanism involves point source polluters choosing to pay for catchment restoration, which is offset against their nutrient discharge. Currently, despite its potential, there is a lack of confidence in the scientific robustness of nutrient offsetting. The proposed new indicators in nutrient equivalency would provide the foundation needed to ensure that governments and industry can have the confidence to engage in nutrient trading schemes, ultimately ensuring environmental and social benefits.