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Opportunity costs of restoring environmental flows to the Snowy River

Author

Listed:
  • Wagner, Liam
  • Quiggin, John
  • Adamson, David

Abstract

The construction of the Snowy Mountains Hydro-electric Scheme in the 1960s resulted in the diversion of 99% of the Snowy River's natural flow into the Murray and Murrumbidgee river systems. In 2000, the NSW, Victorian and Commonwealth governments agreed to restore between 21 per cent and 28 per cent of the natural flow. In this paper, we examine the implications of the Agreement for the value of water use in the Murray-Darling Basin.

Suggested Citation

  • Wagner, Liam & Quiggin, John & Adamson, David, 2008. "Opportunity costs of restoring environmental flows to the Snowy River," Risk and Sustainable Management Group Working Papers 149875, University of Queensland, School of Economics.
  • Handle: RePEc:ags:uqsers:149875
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    File URL: http://purl.umn.edu/149875
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    Keywords

    Snowy river; water; environmental flows; Environmental Economics and Policy; Resource /Energy Economics and Policy; D81; Q25;

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water

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