The Mitigation & Nutrient Market Quarterly
Quarterly market intelligence covering supply, demand, pricing, and regulatory context across US mitigation credit markets.
Published 21 July 2026
MNM Q0 — Baseline Edition
The baseline edition of the Mitigation & Nutrient Market Quarterly was launched at the 21 July market roundtable — read the full report and watch the discussion that introduced it.
The report
MNM Q0 — Baseline Edition
Covers Virginia's §404 stream & wetland and NPS nutrient credit markets — supply, demand, pricing, and regulatory context — grounded in SWaN platform data. Analytical window 2021–2025.
Mitigation Desk · Powered by Water Ledger · July 2026
The full report — including the seven structural findings of the executive summary — is free to read. Registered participants receive each edition a week before public release.
The webinar · recording now available
SWaN: the market, the platform, and what comes next
The 21 July 2026 market roundtable where the Q0 Baseline was launched and discussed. Chaired by George Kelly (ERP), with Mike Rollband (Director, Virginia DEQ), Paul Lawrence (Potomac Mitigation), and a demand-side participant. Watch the full session and the individual participant conversations.
First full quarterly edition: October 2026
Published by Water Ledger in partnership with Virginia DEQ, the Mitigation & Nutrient Market Quarterly (MNM) is the authoritative, consistent source of intelligence on the Virginia mitigation credit market — and, as the platform expands, beyond it. The Q0 Baseline above establishes the reference point; October 2026 brings the first full quarterly edition.
Each edition is accompanied by a webinar presenting the report findings, open to participants and non-participants alike, and published at this page after the event.
Register to be notifiedSeries chair
George Kelly
ERP. Widely regarded in the US mitigation credit system, George chairs the MNM series and hosts the accompanying webinars.