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Cap and Trade versus Water Recovery

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  • Crase, Lin

Abstract

The National Water Initiative and earlier water reforms have committed Australian governments to redressing environmental degradation caused by excessive extraction from rivers and groundwater systems. To date, the states, territories and commonwealth have identified a range of alternatives for achieving the requisite resource re-allocation. Unfortunately, there has been a predilection amongst policy makers to treat voluntary acquisition of access rights from irrigators as a ‘last resort’ in the suite of options. This paper explores the rationale for this approach and questions the use of incomplete information by bureaucrats, policy makers and water lobby groups in this context.

Suggested Citation

  • Crase, Lin, 2006. "Cap and Trade versus Water Recovery," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 174093, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare06:174093
    DOI: 10.22004/ag.econ.174093
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    References listed on IDEAS

    as
    1. Quiggin, John C., 2001. "Environmental economics and the Murray-Darling river system," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 45(01), pages 1-28.
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    Cited by:

    1. Bari, Maksudul & Singh, Inderpal & Flavel, Noel J., 2008. "Monitoring Economic and Social Changes within NSW Water Sharing Plan Areas: A Participatory Approach," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 6001, Australian Agricultural and Resource Economics Society.

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