Nutrient Trading in Lake Rotorua: Where are we Now?

A number of decisions need to be made when setting up a nutrient trading system including defining a target, allocating allowances and setting up a monitoring system. To ensure that the nutrient trading system implemented operates in harmony with existing regulation, existing work and institutions need to be used to guide this decision making process. This paper briefly explores each of the decisions required to implement a nutrient trading system and to what extent they have been addressed so far. This will provide context for following papers which will examine each issue in more depth.