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Climate Change and Water Resources – An International Perspective

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  • Marianne Keudel

Abstract

Climate change and its consequences are the focus of many environmental policies in the European Union but also in other countries. Whereas in the US marketable instruments like permit trading have already been implemented since the 1980s, the EU first implemented permit trading for CO2 emissions in 2005. Climate change also influences the availability of water resources; water levels of rivers in the EU are assumed to decrease in the next decades. Decreasing water levels, in turn, heavily influence the quality of these water resources. In some countries the instrument of permit trading is also applied to the regulation of water resources (quantity and quality). This paper gives an overview of existing systems in order to show how such trading systems can create incentives for the efficient use of resources by means of pricing.

Suggested Citation

  • Marianne Keudel, 2007. "Climate Change and Water Resources – An International Perspective," IWP Discussion Paper Series 02/2007, Institute for Economic Policy, Cologne, Germany.
    • Handle: RePEc:kln:iwpdip:dp02/07
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    References listed on IDEAS

    as
    1. Kraemer, R. Andreas & Kampa, Eleftheria & Interwies, Eduard, 2004. "The Role of Tradable Permits in Water Pollution Control," IDB Publications (Working Papers) 2985, Inter-American Development Bank.
    2. Marianne Keudel, 2006. "Water Quality Trading: Theoretical and Practical Approaches," IWP Discussion Paper Series 01/2006, Institute for Economic Policy, Cologne, Germany.
    3. Deborah Peterson & Gavan Dwyer & David Appels & Jane Fry, 2005. "Water Trade in the Southern Murray–Darling Basin," The Economic Record, The Economic Society of Australia, vol. 81(s1), pages 115-127, August.
    4. Peterson, Deborah C. & Dwyer, Gavan & Appels, David & Fry, Jane, 2004. "Modelling Water Trade in the Southern Murray-Darling Basin," Staff Working Papers 31925, Productivity Commission.
    5. Keudel Marianne, 2005. "Permit Trading as an Instrument for Water Pollution Control.A practically oriented analysis considering the European Water Framework Directive," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 54(3), pages 280-304, December.
    6. Holden, Paul & Thobani, Mateen, 1996. "Tradable water rights : a property rights approach to resolving water shortages and promoting investment," Policy Research Working Paper Series 1627, The World Bank.
    7. R. Andreas Kraemer & Eleftheria Kampa & Eduard Interwies, 2004. "The Role of Tradable Permits in Water Pollution Control," IDB Publications (Working Papers) 30998, Inter-American Development Bank.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    river basin management; water trading; water quality trading;
    All these keywords.

    JEL classification:

    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

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