Developing a water market readiness assessment framework
Water markets are increasingly proposed as a demand-management strategy to deal with water scarcity. Water trading arrangements, on their own, are not about setting bio-physical limits to water-use. Nevertheless, water trading that mitigates scarcity constraints can assist regulators of water resour...
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| Formaat: | Online |
| Taal: | Engels |
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Edward Elgar Publishing
2023
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| Online toegang: | https://directory.doabooks.org/handle/20.500.12854/98653 |
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| _version_ | 1869515135494651904 |
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| author | Wheeler, Sarah Ann Loch, Adam Crase, Lin Young, Mike Grafton, R. Quentin |
| author_browse | Crase, Lin Grafton, R. Quentin Loch, Adam Wheeler, Sarah Ann Young, Mike |
| author_facet | Wheeler, Sarah Ann Loch, Adam Crase, Lin Young, Mike Grafton, R. Quentin |
| author_sort | Wheeler, Sarah Ann |
| collection | Directory of Open Access Books |
| description | Water markets are increasingly proposed as a demand-management strategy to deal with water scarcity. Water trading arrangements, on their own, are not about setting bio-physical limits to water-use. Nevertheless, water trading that mitigates scarcity constraints can assist regulators of water resources to keep water-use within limits at the lowest possible cost, and may reduce the cost of restoring water system health. While theoretically attractive, many practitioners have, at best, only a limited understanding of the practical usefulness of markets and how they might be most appropriately deployed. Using lessons learned from jurisdictions around the world where water markets have been implemented, this study attempts to fill the existing water market development gap and provide an initial framework (the water market readiness assessment (WMRA)) to describe the policy and administrative conditions/reforms necessary to enable governments/jurisdictions to develop water trading arrangements that are efficient, equitable and within sustainable limits. Our proposed framework consists of three key steps: 1) an assessment of hydrological and institutional needs; 2) a market evaluation, including assessment of development and implementation issues; and 3) the monitoring, continuous/review and assessment of future needs; with a variety of questions needing assessment at each stage. We apply the framework to three examples: regions in Australia, the United States and Spain. These applications indicate that WMRA can provide key information for water planners to consider on the usefulness of water trading processes to better manage water scarcity; but further practical applications and tests of the framework are required to fully evaluate its effectiveness. |
| format | Online |
| id | doab-20.500.12854ir-98653 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2023 |
| publishDateRange | 2023 |
| publishDateSort | 2023 |
| publisher | Edward Elgar Publishing |
| publisherStr | Edward Elgar Publishing |
| record_format | ojs |
| spelling | doab-20.500.12854ir-986532023-03-22T12:08:50Z Developing a water market readiness assessment framework Wheeler, Sarah Ann Loch, Adam Crase, Lin Young, Mike Grafton, R. Quentin Water markets water trade water scarcity demand-side management economic instruments water accounting RNFD RNU KCN RND Water markets are increasingly proposed as a demand-management strategy to deal with water scarcity. Water trading arrangements, on their own, are not about setting bio-physical limits to water-use. Nevertheless, water trading that mitigates scarcity constraints can assist regulators of water resources to keep water-use within limits at the lowest possible cost, and may reduce the cost of restoring water system health. While theoretically attractive, many practitioners have, at best, only a limited understanding of the practical usefulness of markets and how they might be most appropriately deployed. Using lessons learned from jurisdictions around the world where water markets have been implemented, this study attempts to fill the existing water market development gap and provide an initial framework (the water market readiness assessment (WMRA)) to describe the policy and administrative conditions/reforms necessary to enable governments/jurisdictions to develop water trading arrangements that are efficient, equitable and within sustainable limits. Our proposed framework consists of three key steps: 1) an assessment of hydrological and institutional needs; 2) a market evaluation, including assessment of development and implementation issues; and 3) the monitoring, continuous/review and assessment of future needs; with a variety of questions needing assessment at each stage. We apply the framework to three examples: regions in Australia, the United States and Spain. These applications indicate that WMRA can provide key information for water planners to consider on the usefulness of water trading processes to better manage water scarcity; but further practical applications and tests of the framework are required to fully evaluate its effectiveness. Published 2023-03-22T12:08:48Z 2023-03-22T12:08:48Z 2021-08-06 chapter 9781788976923 https://directory.doabooks.org/handle/20.500.12854/98653 eng image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International https://www.e-elgar.com/shop/gbp/water-markets-9781788976923.html https://www.elgaronline.com/display/edcoll/9781788976923/9781788976923.00011.xml Edward Elgar Publishing Edward Elgar Publishing https://doi.org/10.4337/9781788976930.00011 https://doi.org/10.4337/9781788976930.00011 01ceac28-75b4-492a-8eec-f9b98bc6b28c 9781788976923 Edward Elgar Publishing 29 Cheltenham open access |
| spellingShingle | Water markets water trade water scarcity demand-side management economic instruments water accounting RNFD RNU KCN RND Wheeler, Sarah Ann Loch, Adam Crase, Lin Young, Mike Grafton, R. Quentin Developing a water market readiness assessment framework |
| title | Developing a water market readiness assessment framework |
| title_full | Developing a water market readiness assessment framework |
| title_fullStr | Developing a water market readiness assessment framework |
| title_full_unstemmed | Developing a water market readiness assessment framework |
| title_short | Developing a water market readiness assessment framework |
| title_sort | developing a water market readiness assessment framework |
| topic | Water markets water trade water scarcity demand-side management economic instruments water accounting RNFD RNU KCN RND |
| topic_facet | Water markets water trade water scarcity demand-side management economic instruments water accounting RNFD RNU KCN RND |
| url | https://directory.doabooks.org/handle/20.500.12854/98653 |
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