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)
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.
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Paper provided by Policy and Economic Research Unit, CSIRO Land and Water, Adelaide, Australia in its series Natural Resource Management Economics with number
04_001.
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