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Type: Book chapter
Title: The role of water markets in helping irrigators adapt to water scarcity in the Murray-Darling Basin, Australia
Author: Wheeler, S.
Loch, A.
Edwards, J.
Citation: Applied Studies in Climate Adaptation, 2015 / Palutikof, J., Boulter, S., Barnett, J., Rissik, D. (ed./s), vol.9781118845011, Ch.18, pp.166-174
Publisher: Wiley Blackwell
Publisher Place: Chichester, West Sussex
Issue Date: 2015
ISBN: 1118845013
Editor: Palutikof, J.
Boulter, S.
Barnett, J.
Rissik, D.
Statement of
Sarah Ann Wheeler, Adam Loch and Jane Edwards
Abstract: Australia has the largest water market in the world in the Murray-Darling Basin region, and serves as a leading example to other countries examining demand instruments to manage water scarcity. Water trade has become a key risk-management tool for managing scarcity, particularly during severe droughts. Although water scarcity resulted in the market reallocation of water between different users and uses (including urban uses) in a relatively effective and efficient manner, water markets have always been rather controversial. Despite production advantages, there is community concern about negative social impacts arising from water trade. There is ongoing debate over the environmental impact of water markets. Arguably, climate change and water management are two of the most important policy challenges facing Australia. Access to water markets and political investments aided consumptive, social and environmental water use that avoided catastrophic outcomes.
Rights: © 2015 John Wiley & Sons, Ltd.
DOI: 10.1002/9781118845028.ch18
Appears in Collections:Aurora harvest 3
Global Food Studies publications

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