We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Cap-and-trade of Water Rights.
- Authors
Burdack, Doreen; Biewald, Anne; Lotze-Campen, Hermann
- Abstract
Trading water rights is a tool for re-allocation of water resources in water-scarce regions such as Australia. Tradable water rights help farmers to act flexibly when facing high fluctuations in water availability and to use the water in a sustainable and environmentally friendly manner. A precondition is that the quantity of water rights is capped at an appropriate level. The institutional arrangements and market structures in which water-right trading is embedded are key factors for the success of such water management instruments. By analysing the structure of the water-right market and water caps as well as using results from explorative expert interviews, the article sheds light on potential problems with the Australian cap-and-trade scheme concerning sustainable water usage. It also asks whether the Australian scheme provides lessons to be learnt by other countries facing similar problems.
- Subjects
AUSTRALIA; WATER rights; WATER quality trading; SUSTAINABILITY; WATER management; WATER efficiency; RURAL geography
- Publication
GAIA: Ecological Perspectives for Science & Society, 2014, Vol 23, Issue 4, p318
- ISSN
0940-5550
- Publication type
Article
- DOI
10.14512/gaia.23.4.7