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Water tradable permits: a review of theoretical and case studies

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  • Simone Borghesi

Abstract

Over the last few years the growing problems of water scarcity and water pollution have induced ever increasing attention towards the application of market mechanisms based on tradable permits in the water sector, similar to those adopted for air pollution. In spite of the growing interest surrounding this instrument, a general critical valuation of the application of tradable permits for water management is still missing in the literature. This paper aims to fill this gap by critically analysing the experiences of various countries who have adopted tradable water permit programmes, underlining both the advantages and disadvantages that have emerged in each case, in order to provide useful indications for possible future applications in other regions. Despite the merits of tradable water permits and their success in some contexts, the case studies analysed highlight the existence of significant difficulties during implementation, which can prevent the full functioning of such an instrument.

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  • Simone Borghesi, 2014. "Water tradable permits: a review of theoretical and case studies," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 57(9), pages 1305-1332, September.
    • Handle: RePEc:taf:jenpmg:v:57:y:2014:i:9:p:1305-1332
    DOI: 10.1080/09640568.2013.820175
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    References listed on IDEAS

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    1. Kraemer, R. Andreas & Kampa, Eleftheria & Interwies, Eduard, 2004. "The Role of Tradable Permits in Water Pollution Control," IDB Publications (Working Papers) 2985, Inter-American Development Bank.
    2. Marianne Keudel, 2006. "Water Quality Trading: Theoretical and Practical Approaches," IWP Discussion Paper Series 01/2006, Institute for Economic Policy, Cologne, Germany.
    3. Hearne, Robert R. & Trava, Jose L., 1997. "Water Markets in Mexico: Opportunities and Constraints," Discussion Papers 24145, International Institute for Environment and Development, Environmental Economics Programme.
    4. R. Andreas Kraemer & Eleftheria Kampa & Eduard Interwies, 2004. "The Role of Tradable Permits in Water Pollution Control," IDB Publications (Working Papers) 30998, Inter-American Development Bank.
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    Cited by:

    1. Requate, Till & Camacho-Cuena, Eva & Kean Siang, Ch'ng & Waichman, Israel, 2019. "Tell the truth or not? The montero mechanism for emissions control at work," Journal of Environmental Economics and Management, Elsevier, vol. 95(C), pages 133-152.
    2. Angelo Antoci & Simone Borghesi & Gianluca Iannucci & Paolo Russu, 2020. "Emission permits, innovation and sanction in an evolutionary game," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 37(2), pages 525-546, July.
    3. Antoci, Angelo & Borghesi, Simone & Galeotti, Marcello & Russu, Paolo, 2022. "Maladaptation to environmental degradation and the interplay between negative and positive externalities," European Economic Review, Elsevier, vol. 143(C).
    4. Bo Peng & Kun Lei, 2021. "An Analytical Approach for Initial Allocation of Discharge Permits with Consideration of the Water Environmental Capacity and Industrial Technical Feasibility," Sustainability, MDPI, vol. 13(24), pages 1-16, December.
    5. Alessandro Fiori Maccioni, 2018. "Environmental depletion, defensive consumption and negative externalities," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 41(2), pages 203-218, November.

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