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Emerging Rights and Risks in the Management of Water Quantity and Water Quality

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  • O'Sullivan, Dan

Abstract

Using transferable water permits has been identified by economists as a necessary tool to efficiently allocate water to its highest valued use. Australian governments have seized the concept and begun to provide mechanisms that separate rights to water from land ownership and allow flexibility to trade the rights. Water trading is slowly taking shape but has been challenged regarding ownership rights and technical applications. Several key studies and projects are now testing a similar process to be used to develop ownership and incentives for diffuse water pollution. This paper analyses how rights to water quantity and water quality are emerging, the policy tools being used, and current challenges for decision makers.

Suggested Citation

  • O'Sullivan, Dan, 2006. "Emerging Rights and Risks in the Management of Water Quantity and Water Quality," 2006 Conference, August 24-25, 2006, Nelson, New Zealand 31960, New Zealand Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:nzasin:31960
    DOI: 10.22004/ag.econ.31960
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    References listed on IDEAS

    as
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    2. Productivity Commission, 2006. "Rural Water Use and the Environment: The Role of Market Mechanisms," Research Reports, Productivity Commission, Government of Australia, number 21.
    3. Brennan, Donna C. & Scoccimarro, Michelle, 1999. "Issues in defining property rights to improve Australian water markets," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 43(1), pages 1-21, March.
    4. Kennedy, John O.S., 1997. "The Economics of Algal Bloom Control," 1997 Conference (41st), January 22-24, 1997, Gold Coast, Australia 136237, Australian Agricultural and Resource Economics Society.
    Full references (including those not matched with items on IDEAS)

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