Incentives for ecosystem service supply in Australia's Murray-Darling Basin
Onil Banerjee and
Rosalind Bark
International Journal of Water Resources Development, 2013, vol. 29, issue 4, 544-556
Abstract:
For Australia, the Murray-Darling Basin is a significant ecological and socioeconomic asset. During the Millennium Drought (1997 - 2010), severe ecosystem service losses provided impetus for water policy reform. With around $8.9 billion committed, the Commonwealth's two-pronged water recovery strategy is to purchase water entitlements for the environment and support investment in improving irrigation infrastructure efficiency. In this paper, we consider the design of a complementary payment for ecosystem services pathway which using water as payment can provide incentives for local ecosystem service supply.
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:taf:cijwxx:v:29:y:2013:i:4:p:544-556
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DOI: 10.1080/07900627.2013.769489
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