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The Economics of Water: Taking Full Account of First Use, Reuse and Return to the Environment.A Report for the Australian Water Conservation and Reuse Research Program (AWCRRP)

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Abstract

There has been a lot of discussion about water being undervalued in Australia. The nation's attention is presently focussed on water issues with the drought of 2002 - 2003, the deepening crisis with the River Murray and water rationing in a number of urban areas. Over 2003-2005, the States and Territories will be required to demonstrate progress against the water reform goals in the area of urban and rural water pricing. This is an opportune time as part of the Australian Water Conservation and Reuse Research Program to develop a framework for the introduction of mechanisms that reveal the full cost of using water. This paper emphasises the importance of looking at potable water, reuse and disposal and return of water to the environment together as part of a comprehensive framework.

Suggested Citation

  • Darla Hatton MacDonald, 2004. "The Economics of Water: Taking Full Account of First Use, Reuse and Return to the Environment.A Report for the Australian Water Conservation and Reuse Research Program (AWCRRP)," Natural Resource Management Economics 04_001, Policy and Economic Research Unit, CSIRO Land and Water, Adelaide, Australia.
    • Handle: RePEc:csi:report:04_001
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    File URL: http://www.clw.csiro.au/publications/consultancy/2004/economics_of_water_reuse_report.pdf
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    References listed on IDEAS

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    1. Mike Young, 2000. "Draft Guidelines for Managing Externalities: Restoring the balance," Natural Resource Management Economics 00_005, Policy and Economic Research Unit, CSIRO Land and Water, Adelaide, Australia.
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    Cited by:

    1. Awad, Ibrahim M., 2012. "Using econometric analysis of willingness-to-pay to investigate economic efficiency and equity of domestic water services in the West Bank," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(5), pages 485-494.

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    More about this item

    Keywords

    catchment; Australia; water; water reuse;
    All these keywords.

    JEL classification:

    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation

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