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Exploring water scarcity issues in light of the growing crisis in global water management, this book examines the applicability of water markets. It provides an overview and understanding of the presence of water markets across the globe, analysing the ways in which different countries and regions are grappling with water scarcity.
Two insiders expose the shocking and shameful betrayal of Australia’s regional heartland so international bankers and traders could make a quick buck.
Australia’s Water Resources seeks to explore the circumstances underpinning the profound reorientation of attitudes and relationships to water that has taken place in Australia in recent decades. The changing emphasis from development to management of water resources continues to evolve and is reflected in a series of public policy initiatives directed towards rational, efficient and sustainable use of the nation's water. Australia is now recognised as a pacesetter in water reform. Administrative restructuring, water pricing, water markets and trade, integrated water resources management, and the emergence of the private sector, are features of a more economically sound and environmentally compatible water industry. It is important that these changes are documented and their rationale and effectiveness explained. This timely work provides an important synthesis of these issues. This revised paperback edition is a fully corrected reprint of the hardback edition.
This book evaluates the history, the present and the future of water markets on 5 continents, beginning with the institutional underpinnings of water markets and factors influencing transaction costs. The book examines markets in seven countries and three different U.S. states, ranging from village-level water markets in Oman to basin wide formal water markets in Australia's Murray-Darling River basin. Introductory chapters on the background of water markets and on transaction costs and policy design are followed by chapter length discussion of water markets as an adaptive response to climate change and of supply reliability in a changing climate. Case studies describe a variety of facets of the design and function of markets around the world: California, Chile, Spain, Oman, Australia, Canada, India and China. In analyzing these real-world examples of markets, the contributors explore water rights and trading of rights between agricultural and urban sectors and the principles and function of option markets. They discuss different sized approaches, from large scale, ministry-level administration of markets to informal arrangements among farmers in the same village, or groups of villages which allocate water without large investment in management and infrastructure. Discussion includes questions of why water market practices have not expanded more rapidly in arid places. The book discusses mechanisms for resolving conflicts between water rights holders as well as between water right holders and third parties impacted by water trades and whether or not public ownership of water rights or use rights should trump private ownership and under what condition. Also covered are new and expanding categories of water use, beyond human consumption, agriculture and industry to new technologies ranging from extracting natural gas from shale to producing biofuels. The book concludes with suggestions for future water markets and offers a realistic picture of how they might change water use and distribution practices going forward.
Dealing with critical issues of ownership, control and use of water as a resource, AUSTRALIAN WATER LAW offers practical and up-to-date guidance in an increasingly important area. Interconnected with property law and environmental law, water poses special regulatory challenges because of its character and potential; it also poses opportunities for disputes and litigation. A complex web of state and federal legislation seeks to manage and protect water and water rights, challenging practitioners who are advising on matters like access rights, statutory water entitlements, water planning and resource protection. Commercially, water law affects a widening range of infrastructure development and management projects, while the development of a national water market offers opportunities in trading of water rights, and risks and controls. Kate Stoeckel, Romany Webb and Luke Woodward bring to bear their considerable legal experience in matters involving water rights as well as regulation of the water and sewerage industry and Amy Hankinson offers her significant expertise in environmental law and water management.
In Australia and New Zealand, many public projects, programs and services perform well. But these cases are consistently underexposed and understudied. We cannot properly ‘see’—let alone recognise and explain—variations in government performance when media, political and academic discourses are saturated with accounts of their shortcomings and failures, but are next to silent on their achievements. Successful Public Policy: Lessons from Australia and New Zealand helps to turn that tide. It aims to reset the agenda for teaching, research and dialogue on public policy performance. This is done through a series of close-up, in-depth and carefully chosen case study accounts of the genesis and evolution of stand-out public policy achievements, across a range of sectors within Australia and New Zealand. Through these accounts, written by experts from both countries, we engage with the conceptual, methodological and theoretical challenges that have plagued extant research seeking to evaluate, explain and design successful public policy. Studies of public policy successes are rare—not just in Australia and New Zealand, but the world over. This book is embedded in a broader project exploring policy successes globally; its companion volume, Great Policy Successes (edited by Paul ‘t Hart and Mallory Compton), is published by Oxford University Press (2019).
Decision-Making in Water Resource Policy and Management: An Australian Perspective presents the latest information in developing new decision-making processes. Topics covered include key aspects of water resources planning, recent water resource policy changes in irrigation, urban, and environmental considerations, the evolution of a water market, a number of case studies that provide real examples of improved decision-making, transfer of the Australian experience overseas, and challenges for the future. Many countries are experiencing major water scarcity problems which will likely intensify with the continued impacts of climate change. In response to this challenge, there is increased worldwide focus on the development of more sustainable and integrated water resource policies. The Australian experience over the past three decades has led to major improvements in the decision-making processes in water resources policy and management, particularly in response to drought and climate change, providing a great model on which other nations can use and adapt. This information is essential to early to mid-career practitioners engaged in policy, planning and operational roles in all fields of water resource policy and management, and catchment management. - Summarizes key results from three decades of changes in Australian water resource policy - Illustrates how Australian knowledge is being used in other countries and how this might be expanded - Provides international practitioners with real examples of where and how the Australian knowledge is assisting in other situations
Water scarcity is an increasing problem in many parts of the world, yet conventional supply-side economics and management are insufficient to deal with it. One of the key water management options for water demand is water trading. This book explores the role of water trading, as an instrument of integrated water resources management.
A detailed study of the engagement of state law with indigenous rights to water in comparative legal and policy contexts.
This open access textbook provides a concise introduction to economic approaches and mathematical methods for the study of water allocation and distribution problems. Written in an accessible and straightforward style, it discusses and analyzes central issues in integrated water resource management, water tariffs, water markets, and transboundary water management. By illustrating the interplay between the hydrological cycle and the rules and institutions that govern today’s water allocation policies, the authors develop a modern perspective on water management. Moreover, the book presents an in-depth assessment of the political and ethical dimensions of water management and its institutional embeddedness, by discussing distribution issues and issues of the enforceability of human rights in managing water resources. Given its scope, the book will appeal to advanced undergraduate and graduate students of economics and engineering, as well as practitioners in the water sector, seeking a deeper understanding of economic approaches to the study of water management.