Market Mechanisms for Recovering Water in the Murray-Darling Basin

Productivity Commission ()
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No 40 in Research Reports from Productivity Commission, Government of Australia

Abstract: The Productivity Commission has made recommendations on how the Australian Government’s buyback of water entitlements in the Murray Darling Basin could be improved, in a report released today. The buyback and a larger irrigation infrastructure program are being used to recover water for the environment, and ease the transition to the much lower water diversion levels expected under a Basin Plan.

The report raises some concerns about aspects of the design and sequencing of the strategy, noting problems in having commenced the buyback before the Basin Plan is ratified. However, Commissioner Neil Byron said ‘There is still much that can be done to improve the recovery and management of water for the environment in the Basin’.

Keywords: water management; agriculture; water entitlements; water markets; water purchases (search for similar items in EconPapers)
JEL-codes: Q15 Q25 Q56 (search for similar items in EconPapers)
Date: 2010
ISBN: 978-1-74037-308-1
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

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