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The principle of transferable groundwater rights is that by making water rights capable of being traded in the market, water resources can be used more sustainably and efficiently. Groundwater would achieve its economic value, by switching from the high volume-low value irrigation, which is prevalent with many farmers, particularly in South Asia, to low volume-high value urban supply or the growing of intensive horticultural or cash crops. This book discusses transferable groundwater rights in their broader context. It starts with a detailed description of the physical aspects of groundwater, which non-technical readers should find useful, followed by a discussion of legal and economic aspects. Water transfers and the international experiences in transferable groundwater rights are dealt with in detail in two subsequent chapters. A model is presented to guide those involved in water resources management and planning in their decision process to introduce transferable groundwater rights and water rights trading. The author concludes that transferable groundwater rights potentially offer a better alternative to land-based water rights systems. However, he casts serious doubt on whether groundwater rights trading on its own can achieve water resources sustainability, environmental protection and social equity. Government intervention seems to be almost always needed to assist the water rights market and take responsibility for any of its adverse consequences.
The central challenge for Arizona and many other arid regions in the world is keeping a sustainable water supply in the face of rapid population growth and other competing demands. This book highlights new approaches that Arizona has pioneered for managing its water needs. The state has burgeoning urban areas, large agricultural regions, water dependent habitats for endangered fish and wildlife, and a growing demand for water-based recreation. A multi-year drought and climate-related variability in water supply complicate the intense competition for water. Written by well-known Arizona water experts, the essays in this book address these issues from academic, professional, and policy perspectives that include economics, climatology, law, and engineering. Among the innovations explored in the book is Arizona‘s Groundwater Management Act. Arizona is not alone in its challenges. As one of the seven states in the Colorado River Basin that depend heavily on the river, Arizona must cooperate, and sometimes compete, with other state, tribal, and federal governments. One institution that furthers regional cooperation is the water bank, which encourages groundwater recharge of surplus surface water during wet years so that the water remains available during dry years. The Groundwater Management Act imposes conservation requirements and establishes planning and investment programs in renewable water supplies. The essays in Arizona Water Policy are accessible to a broad policy-oriented and nonacademic readership. The book explores Arizona‘s water management and extracts lessons that are important for arid and semi-arid areas worldwide.
The competition for groundwater sources as a water supply reinforces the need for a strong economic rationale in decision-making. Evaluating economic decisions in the context of total water management and life-cycle water use is essential to making critical development and remediation choices. This revised volume provides fundamental economic and policy concepts related to groundwater, discusses important factors in life-cycle cost-benefit evaluation and explains triple-bottom-line analysis for different groundwater projects. It includes new and updated case studies on groundwater issues with solutions for a range of situations based on economic data. FEATURES OF THIS VOLUME Provides an understanding for the fundamental economic approaches to groundwater policy and project evaluation Incorporates life-cycle cost-benefit approaches in a triple-bottom-line framework Includes new case studies on the economics of health protection, managed aquifer recharge, local versus regional supply and strategic life-cycle analysis Addresses local and regional groundwater economic choices through a series of practical applications Explores transboundary, international, climate change and macroeconomic factors influencing groundwater project and program decisions Cost-Benefit Analysis of Groundwater Policy and Projects, with Case Studies, Second Edition, the second volume of the two-volume set Groundwater Economics, is a must-have for any professional or student who needs to understand and evaluate water resources and manage their use from a variety of sustainable approaches.
Fundamental changes must take place in how water is allocated, planned, and managed if India's goals for continued economic growth and improved social and environmental conditions are to be met. India's needs are especially severe due to its rapidly developing water constraints, environmental problems, huge population, regional inequalities in water availability along with the federal administrative structure and rapid demographic and economic growth. The findings of 'Inter-Sectoral Water Allocation, Planning and Management' are that a comprehensive approach is needed in order to implement change. The book provides detailed recommendations in the areas of policy making, legislation and regulations, institutions, economic incentives, technology, and public information.
Water is becoming an increasingly scarce resource in India. India faces an increasingly urgent situation with its finite and fragile water resources being stressed and depleted while various sectoral demands are growing rapidly. 'Initiating and Sustaining Water Sector Reforms' offers detailed solutions to this complex and important concern.
Water resources were central to England's precocious economic development in the thirteenth and sixteenth centuries, and then again in the industrial, transport, and urban revolutions of the late eighteenth and early nineteenth centuries. Each of these periods saw a great deal of legal conflict over water rights, often between domestic, agricultural, and manufacturing interests competing for access to flowing water. From 1750 the common-law courts developed a large but unstable body of legal doctrine, specifying strong property rights in flowing water attached to riparian possession, and also limited rights to surface and underground waters. The new water doctrines were built from older concepts of common goods and the natural rights of ownership, deriving from Roman and Civilian law, together with the English sources of Bracton and Blackstone. Water law is one of the most Romanesque parts of English law, demonstrating the extent to which Common and Civilian law have commingled. Water law stands as a refutation of the still-common belief that English and European law parted ways irreversibly in the twelfth century. Getzler also describes the economic as well as the legal history of water use from early times, and examines the classical problem of the relationship between law and economic development. He suggests that water law was shaped both by the impact of technological innovations and by economic ideology, but above all by legalism.
Updated edition of a comprehensive introduction to the economics of water management, with self-contained treatment of all necessary economic concepts. Economics brings powerful insights to water management, but most water professionals receive limited training in it. The second edition of this text offers a comprehensive development of water resource economics that is accessible to engineers and natural scientists as well as to economists. The goal is to build a practical platform for understanding and performing economic analysis using both theoretical and empirical tools. Familiarity with microeconomics or natural resource economics is helpful, but all the economics needed is presented and developed progressively in the text. The book focuses on the scarcity of water quantity (rather than on water quality). The author presents the economic theory of resource allocation, recognizing the peculiarities imposed by water, and then goes on to treat a range of subjects including conservation, groundwater depletion, water law, policy analysis, cost–benefit analysis, water marketing, privatization, and demand and supply estimation. Added features of this updated edition include a new chapter on water scarcity risk (with climate change and necessary risk tools introduced progressively) and new risk-attentive material elsewhere in the text; sharper treatment of block rates and pricing doctrine; expanded attention to contemporary literature and issues; and new appendixes on input–output analysis, water footprinting and virtual water, and cost allocation. Each chapter ends with a summary and exercises.