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Moving from Piecemeal Accounting to a Pragmatic Economic Approach to Water Pricing in Australia

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Author Info
Darla Hatton MacDonald () (Policy and Economics Research Unit,CSIRO Land and Water)
Sebastien Lamontagne

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Abstract

It is often said that water is under-priced and that if the full cost of water were charged, water use would be more sustainable. Moving from a statement to actual practice requires a shift in thinking about the fundamental economics. Australia has embarked on a process of economic reform and part of the reform package in the water sector has required States within Australia to report on progress towards full cost pricing, including the set of costs and in some circumstances, benefits, through changes to the environment.

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Publisher Info
Paper provided by Policy and Economic Research Unit, CSIRO Land and Water, Adelaide, Australia in its series Natural Resource Management Economics with number 04_005.

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Length: 15 pages
Date of creation: Mar 2004
Date of revision:
Handle: RePEc:csi:report:04_005

Contact details of provider:
Postal: Policy & Economic Research Unit, CSIRO Land and Water, PMB2, Glen Osmond, South Australia 5064
Phone: +61+8+83038419
Fax: +61+8+83038582
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Web page: http://www.clw.csiro.au/research/peru/
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Related research
Keywords: water; full cost; economics; externalities; Murray-Darling Basin;

Find related papers by JEL classification:
Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture
Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation

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This page was last updated on 2009-12-15.

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