Market Mechanisms for Recovering Water in the Murray-Darling Basin
AbstractThe Productivity Commission has made recommendations on how the Australian Government’s buyback of water entitlements in the Murray Darling Basin could be improved, in a report released today. The buyback and a larger irrigation infrastructure program are being used to recover water for the environment, and ease the transition to the much lower water diversion levels expected under a Basin Plan. The report raises some concerns about aspects of the design and sequencing of the strategy, noting problems in having commenced the buyback before the Basin Plan is ratified. However, Commissioner Neil Byron said ‘There is still much that can be done to improve the recovery and management of water for the environment in the Basin’.
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Bibliographic InfoThis book is provided by Productivity Commission, Government of Australia in its series Research Reports with number 40 and published in 2010.
water management; agriculture; water entitlements; water markets; water purchases;
Find related papers by JEL classification:
- Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
- Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
- Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
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- Truong, Chi H. & Drynan, Ross G., 2013. "Capacity sharing enhances efficiency in water markets involving storage," Agricultural Water Management, Elsevier, vol. 122(C), pages 46-52.
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