Project – Piloting a Nutrient Trading Scheme in the Central Baltic

the Programme: 2014 - 2020 INTERREG V-A Finland - Estonia - Latvia - Sweden (Central Baltic)

Description


Description (EN): Eutrophication of the Baltic Sea can only be stopped by greatly reducing the phosphorus and nitrogen load entering the sea. The objective of the NutriTrade project is to enable nutrient reductions in the Baltic Sea area with fast, effective and economically efficient measures so that the targets set by HELCOM (Baltic Sea Action Plan, 2007) can be achieved. The project is of high policy relevance for the Baltic Sea region and has been nominated as a flagship project of the EU Baltic Sea Region Strategy. NutriTrade develops new innovative policy instruments promoting cost-effective, cross-border, cross-sector nutrient reduction measures in the Baltic Sea basin. The project will pilot a platform for voluntary nutrient trading, nutrient offsets and joint implementation of nutrient reduction targets in Baltic Sea area. The NutriTrade platform will connect effective nutrient abatement measures with voluntary financiers willing to acquire nutrient offsets and neutralize their nutrient footprint In the pilot scheme, several proven nutrient abatement measures including e.g. mussel farming, gypsum treatment of fields, and fishing of cyprinids will be implemented, resulting in phosphorus load reductions of up to 50 t/a.  At the same time, the project will develop 1) credible nutrient offset verification mechanisms, and 2) assessment mechanisms to find and support innovative but proven and verifiable nutrient reduction methods which have not yet become market-driven or integrated into governmental policies. The platform will first function with phosphorus offsets, but can later be expanded also to nitrogen. The lessons learned in the pilot scheme will be used for analyzing nutrient trading as a water policy instrument on a national level, and also for the analysis of a Baltic Sea wide inter-governmental nutrient trading.  Based on these, NutriTrade will produce policy recommendations for the Baltic Sea region.
Expected Results (EN): R2.4. The amounts of nutrients, hazardous substances and toxins inflows into the Baltic Sea
Expected Outputs (EN): The main results of NutriTrade will be:1. A functioning nutrient offset platform for the Baltic Sea. The experiences gathered from the voluntary scheme will be utilized for developing regulation based and inter-governmental trading.2. A transparent framework for measuring cost efficiency (€/kg) of nutrient reduction efforts and identifying new innovative reduction methods. The framework can have a multitude of application areas within the Baltic Sea revival context.3. A mechanism enabling companies, municipalities, associations, private citizens etc. to neutralize their nutrient footprint. Through NutriTrade citizens can channel their concern over the Baltic Sea into concrete and transparent nutrient reduction initiatives which improve their own living environment. 4. Concrete and masurable removal of phosphorus from the Baltic Sea of at least 50t/a through concrete measures listed under “Pilots”. After the full scale roll-out, annual trading volumes of several hundred tons annually are targeted.5. A sustainable financing mechanism for innovations/measures which reduce nutrients from the Baltic Sea but have not yet become commercially viable or included in institutional financing frameworks (such as agri-environmental support). This will also increase private financing for water protection measures traditionally financed by the public sector.6. Policy analysis and a roadmap on the future use of nutrient trading in water protection policy.The project links to the result indicator by:1) implementing and supporting pilot measures, which reduce up to 50 t/a of phosphorus already during the project.2) establishing a mechanism (platform) for identifying, financing, implementing and verifying effective nutrient reduction measures in the future.3) analyzing opportunities and challenges, and providing policy recommendations, for using joint implementation/nutrient trading in national and intergovernmental Baltic Sea protection efforts.

Thematic Information


Thematics: Institutional cooperation and cooperation networks  Managing natural and man-made threats, risk management  
Specific Objective: Reduced nutrients, hazardous substances and toxins inflows into the Baltic Sea
Thematic Objective: (6) preserving and protecting the environment and promoting resource efficiency by:
Investment Priority: (6f) promoting innovative technologies to improve environmental protection and resource efficiency in the waste sector, water sector and with regard to soil, or to reduce air pollution


Project Summary


Project name (EN): Piloting a Nutrient Trading Scheme in the Central Baltic
Project acronym: NutriTrade

Period: 2014-2020
Date of latest update: 2017-03-27

Web: centralbaltic.eu/projects

Project start date: 2015-09-01
Project end date: 2019-02-28
Project status: Ongoing

Total budget/expenditure: EUR 2.068.104,40
European Union funding: EUR 1.551.078,30

Project part of European Union Macro-Regional or Sea Basin Strategy: EUSBSR
EUSBSR Priority (Policy) area / Horizontal action: PA Nutri – Reducing nutrient inputs to the sea to acceptable levels
EUSBSR Degree of compliance: flagship project

Project outputs


No outputs available yet.

Partners Data


Lead Partner (EN): John Nurminen Foundation
Lead Partner: John Nurminen Foundation
Department: Clean Baltic Sea
Address: Pasilankatu, Helsinki, Finland
Website: www.johnnurmisensaatio.fi
Legal status: private

Address: Måsholmstorget, Stockholm, Sweden
Legal status: private
Website: www.enveco.se
Department: Department of Forest Biomaterials and Technology
Address: Skogsmarksgränd, Umeå, Sweden
Legal status: public
Website: www.slu.se
Department: Department of Economics and Management
Address: Yliopistonkatu, Helsingin Yliopisto, Finland
Legal status: public
Website: www.helsinki.fi/taloustiede
Department: Green technology
Address: Latokartanonkaari, Helsinki, Finland
Legal status: public
Website: www.luke.fi/en

Partners Location


  Lead Partner     Project Partner  

Call


Serial number: 2
Start date: 2014-12-18
End date: 2015-06-18
Budget: EUR 0,00