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

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Author Info
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.

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File URL: http://purl.umn.edu/31960
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Publisher Info
Paper provided by New Zealand Agricultural and Resource Economics Society in its series 2006 Conference, August 24-25, 2006, Nelson, New Zealand with number 31960.

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Date of creation: 2006
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Handle: RePEc:ags:nzasin:31960

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Web page: http://www.nzares.org.nz/
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Related research
Keywords: Water property rights; pollution; permit trading; Environmental Economics and Policy; Resource /Energy Economics and Policy;

References listed on IDEAS
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  1. Anonymous, 2006. "Rural Water Use and the Environment: The Role of Market Mechanisms," Commissioned Studies 8020, Productivity Commission. [Downloadable!]
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This page was last updated on 2009-12-11.

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