A runoff trading system to meet watershed-level stormwater reduction goals with parcel-level green infrastructure installation.

A runoff trading system to meet watershed-level stormwater reduction goals with parcel-level green infrastructure installation.

Fu, Xin;Hopton, Matthew E;Wang, Xinhao;Goddard, Haynes;Liu, Haiqing;
The Science of the total environment 2019 Vol. 689 pp. 1149-1159
229
fu2019athe

Abstract

Green infrastructure (GI) has been recommended widely to reduce runoff from the built environment. However, reliance on public land for GI implementation could cause a heavy financial burden on local governments. Although economic incentives and market-based mechanisms may encourage public participation in managing stormwater by installing GI on private parcels, a runoff trading market has not been fully developed in practice. To establish a market, in part, requires a watershed-based planning framework and fully informed parcel owners in regard to tradable credits, costs, and benefits. We propose a scenario-based Stormwater Management Planning Support System for Trading Runoff Abatement Credits (SMPSS-TRAC) to facilitate the calculation and allocation of stormwater runoff abatement credits in order to assist the decision-making of GI investment. We apply SMPSS-TRAC to a watershed located in Hamilton County, Ohio, USA and develop five scenarios representing increasing use of GI. We test the scenarios under a 5-year rainfall intensity and set a cap of runoff for each scenario at a level that is equal to the runoff from an undeveloped status (1.03-inch runoff depth for the watershed). With the proposed SMPSS-TRAC, the watershed authority could encourage all parcel owners to install suitable GI or purchase credits from the market. When detention basins are needed to meet a stated goal, the watershed authority would build them on vacant lots and share costs with all parcels within the same sub-catchment. The last scenario with four types of GI installed, shows that the watershed reaches market equilibrium and generates 15,358 m credit surplus. SMPSS-TRAC has the potential for including multiple stakeholders' preferences and concerns in searching for preferable scenarios.

Citation

ID: 40896
Ref Key: fu2019athe
Use this key to autocite in SciMatic or Thesis Manager

References

Blockchain Verification

Account:
NFT Contract Address:
0x95644003c57E6F55A65596E3D9Eac6813e3566dA
Article ID:
40896
Unique Identifier:
S0048-9697(19)33012-8
Network:
Scimatic Chain (ID: 481)
Loading...
Blockchain Readiness Checklist
Authors
Abstract
Journal Name
Year
Title
5/5
Creates 1,000,000 NFT tokens for this article
Token Features:
  • ERC-1155 Standard NFT
  • 1 Million Supply per Article
  • Transferable via MetaMask
  • Permanent Blockchain Record
Blockchain QR Code
Scan with Saymatik Web3.0 Wallet

Saymatik Web3.0 Wallet