Reviewing the adoption and impact of water markets in the Murray-Darling Basin, Australia

Journal of Hydrology

Volumn 518, Issue PA, 2013, Pages 28-41

  Wheeler, S ^a   Loch, A ^a   Zuo, A ^a   Bjornlund, H ^a,b  

^a UNIVERSITY OF SOUTH AUSTRALIA   (Australia)

^b UNIVERSITY OF LETHBRIDGE   (Canada)

Author keywords

Economic analysis; Water management; Water policy; Water trade adoption

Indexed keywords

CLIMATE CHANGE; ECONOMIC ANALYSIS; ENVIRONMENTAL IMPACT; WATER MANAGEMENT;

AUSTRALIA; FARM MANAGEMENT; MURRAY-DARLING BASIN; WATER MARKET; WATER POLICIES; WATER SCARCITY; WATER TRADES; WATER TRADING;

COMMERCE;

COMMODITY MARKET; ECONOMIC ANALYSIS; GOVERNANCE APPROACH; IRRIGATION SYSTEM; TRADE-OFF; WATER AVAILABILITY; WATER ECONOMICS; WATER MANAGEMENT; WATER PLANNING;

AUSTRALIA; MURRAY-DARLING BASIN;

EID: 84907180054     PISSN: 00221694     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jhydrol.2013.09.019     Document Type: Article

References (66)

1. ABS, 2012. Water Use on Australian Farms, 2010-11 Australian Bureau of Statistics, Canberra.
2. ACCC, 2009. Water Trading Rules: Issues Paper, Australian Consumer and Competition Commission, Canberra.
3. ACCC, 2011. A Guide to the Water Charge (Termination Fees) Rules, Australian Competition and Consumer Commission, Canberra.
4. ACCC, 2012. ACCC Water Monitoring Report: 2010-11, Australian Competition and Consumer Commission, Canberra.
5. Bjornlund H. The socio-economic structure of irrigation communities: water markets and the structural adjustment process. Rural Soc. 2002, 12:123-147.
6. Bjornlund H., Wheeler S., Cheesman J. Irrigators, water trading, the environment, and debt: perspectives and realities of buying water entitlements for the environment. Basin Futures: Water reform in the Murray-Darling Basin 2011, 291-302. Australian National University Press, Canberra. Q. Grafton, D. Connell (Eds.).
7. Bjornlund H., Wheeler S., Rossini P. Water markets and their environmental, social and economic impact in Australia. Water Trading and Global Water Scarcity: International Perspectives 2013, 68-93. RFF Press/Taylor and Francis/Routledge, UK. J. Maestu (Ed.).
8. Black M., King J. The Atlas of Water: Mapping the World's Most Critical Resource 2009, Earthscan, Brighton, UK.
9. Chiew F.H.S., Kirono D.G.C., Kent D.M., Frost A.J., Charles S.P., Timbal B., Nguyen K.C., Fu G. Comparison of runoff modelled using rainfall from different downscaling methods for historical and future climates. J. Hydrol. 2010, 387(1-2):10-23.
10. Connell D. Water Politics in the Murray-Darling Basin 2007, The Federation Press, Annandale, NSW.
11. Connor J., Franklin B., Loch A., Kirby M., Wheeler S. Trading water to improve environmental flow outcomes. Water Resour. Res. 2013, 49:4265-4276.
12. Connor J., Schwabe K., King D., Knapp K. Irrigated agriculture and climate change: the influence of water supply variability and salinity on adaptation. Ecol. Econ. 2012, 77:149-157.
13. Crase L., O'Keefe S., Dollery B. Talk is cheap, or is it? The cost of consulting about uncertain reallocation of water in the Murray-Darling Basin, Australia. Ecol. Econ. 2013, 88:206-213.
14. Crase L., O'Keefe S., Kinoshita Y. Enhancing agrienvironmental outcomes: Market-based approaches to water in Australia's Murray-Darling Basin. Water Resour. Res. 2012, 48:W09536.
15. CSIRO, 2008. Water Availability in the Murrumbidgee: A Report to the Australian Government from the CSIRO Murray-Darling Basin Sustainable Yields Project. CSIRO, Australia.
16. DEWHA, 2008. Planned Approach for Restoring the Balance in the Murray-Darling Basin. Water Purchase Program: 2008-09 and Beyond, Department of Environment, Water, Heritage and Arts, Canberra.
17. DEWHA, 2009. NWI Water Trading Study: Final Report Appendix A, Department of Environment, Water, Heritage and Arts, Canberra.
18. DSE, 2012. New Controls on Allocation Trade. Victorian Department of Sustainability and Environment, Melbourne.
19. DSEWPC, 2011. Progress of Water Recovery Under the Restoring the Balance in the Murray-Darling Basin program. Department of Sustainability, Environment, Water, Population and Communities, Canberra.
20. EBC, RMCG, MJA, EconSearch, McLeod, G., Cummins, T., Roth, G., Cornish, D., 2011. Community Impacts of the Guide to the Proposed Murray-Darling Basin Plan: Report to the MDBA, MDBA, Canberra.
21. Etchells T., Malano H., McMahon T.A., James B. Calculating exchange rates for water trading in the Murray-Darling Basin, Australia. Water Resour. Res. 2004, 40:W12505.
22. FAO, 2003. World Agriculture: Towards 2015/2030. An FAO Perspective, Food and Agriculture Organization, London.
23. Grafton R.Q., Libecap G., McGlennon S., Landry C., O'Brien B. An integrated assessment of water markets: a cross-country comparison. Rev. Environ. Econ. Policy 2011, 5:219-239.
24. Heaney, A., Beare, S., 2001, Water Trade and Irrigation: Defining Property Rights to Return Flows, ABARE Commodities, Forecasts and Issues, number 8.
25. Horne, J., 2012. Economic approaches to water management in Australia. Int. J. Water Resour. Dev. http://www.tandfonline.com/doi/full/10.1080/07900627.2012.712336.
26. IPCC, 2007. Climate Change 2007: Synthesis Report. Summary for Policymakers. An Assessment of the Intergovernmental Panel on Climate Change, Intergovernmental Panel on Climate Change.
27. Jiang Q., Grafton R.Q. Economic effects of climate change in the Murray-Darling Basin, Australia. Agric. Syst. 2012, 110:10-16.
28. Kirby M., Qureshi M., Mainuddin M., Dyack B. Catchment behaviour and counter-cyclical water trade: an integrated model. Nat. Res. Model. 2006, 19:483-510.
29. Marshall G. Farmers cooperating in the commobs? A study of collective action in salinity management. Ecol. Econ. 2004, 51:271-286.
30. MDBA, 2010. Guide to the Proposed Basin Plan: Overview, MDBA, Canberra.
31. MDBA, 2012. Proposed Basin Plan - A Revised Draft. MDBA, Canberra.
32. MDBA, 2013. Annual Reports: 2009-10, Canberra. (accessed July 2013). http://www.mdba.gov.au/annualreports/2009-10/chapter1-1.html.
33. NWC, 2010. Australian Water Markets Report 2009-10, NWC, Canberra.
34. NWC, 2011a. Australian Water Markets: Trends and Drivers, 2007-08 to 2009-10. NWC, Canberra.
35. NWC, 2011b. Water Markets in Australia: A Short History, NWC, Canberra.
36. NWC, 2012a. Impacts of Water Trading in the Southern Murray-Darling Basin between 2006-07 and 2010-11. NWC, Canberra.
37. NWC, 2012b. Water Policy and Climate Change in Australia, NWC, Canberra.
38. NWC, 2013. Australian Water Markets: Trends and Drivers 2007-08 to 2011-12, NWC, Canberra.
39. Peterson D., Dwyer G., Appels D., Fry J. Modelling Water Trade in the Southern Murray-Darling Basin 2004, Productivity Commission, Melbourne.
40. Productivity Commission, 2010. Market Mechanisms for Recovering Water in the Murray-Darling Basin, Final Report, Productivity Commission, Canberra.
41. Prosser I. Water: Science and solutions for Australia 2011, CSIRO Publishing, Collingwood, Victoria.
42. Quiggin J. Repurchase of renewal rights: a policy option for the National Water Initiative. Aust. J. Agric. Resour. Econ. 2006, 50:425-435.
43. Quiggin J. Why the guide to the proposed basin plan failed, and what can be done to fix it. Water Policy Reform Lessons in Sustainability from the Murray-Darling Basin 2012, 49-60. Edward Elgar, Cheltenham, UK. J. Quiggin, T. Mallawaarachchi, S. Chambers (Eds.).
44. Qureshi M.E., Schwabe K., Connor J., Kirby M. Environmental water incentive policy and return flows. Water Resour. Res. 2010, 46:W04517.
45. Qureshi M.E., Shi T., Qureshi S.E., Proctor W. Removing barriers to facilitate efficient water markets in the Murray-Darling Basin of Australia. Agric. Water Manage. 2009, 96(11):1641-1651.
46. Rogers E. Diffusion of Innovations 2003, The Free Press, New York.
47. Ross H., Driml S., Zarezadeh Z. Water allocation, social change and resilience. Water Policy Reform Lessons in Sustainability from the Murray-Darling Basin 2012, 170-192. Edward Elgar, Cheltenham, UK. J. Quiggin, T. Mallawaarachchi, S. Chambers (Eds.).
48. Shi T. Simplifying complexity: rationalising water entitlements in the Southern Connected River Murray System, Australia. Agric. Water Manage. 2006, 86. 229-23.
49. Tan P., Bowmer K., Baldwin C. Continued challenges in the policy and legal framework for collaborative water planning. J. Hydrol. 2012, 474:84-91.
50. Walker B., Salt D. Resilience Practice: Building Capacity to Absorb Disturbance and Maintain Function 2012, Island Press/Center for Resource Economics, Washington, DC.
51. Wentworth Group of Concerned Scientists, 2012. Statement on the 2011 Draft Murray-Darling Basin Plan, Sydney.
52. Wheeler S., Bjornlund H., Shanahan M., Zuo A. Price elasticity of water allocation demand in the Goulburn-Murray irrigation district. Aust. J. Agric. Resour. Econ. 2008, 52:37-55.
53. Wheeler S., Bjornlund H., Shanahan M., Zou A. Who trades water allocations? Evidence of the charACTeristics of early adopters in the Goulburn-Murray Irrigation District, Australia 1998-99. Agric. Econ. 2009, 40:631-643.
54. Wheeler S., Bjornlund H., Zuo A., Edwards J. Handing down the farm? The increasing uncertainty of irrigated farm succession in Australia. J. Rural Stud. 2012, 28:266-275.
55. Wheeler S., Bjornlund H., Zuo A., Shanahan M. The changing profile of water traders in the Goulburn-Murray Irrigation District, Australia. Agric. Water Manage. 2010, 97:1333-1343.
56. Wheeler S., Cheesman J. Key findings from a Survey of Sellers to the Restoring the Balance Programme. Econ. Pap.: J. Appl. Econ. Policy 2013, 23:340-352.
57. Wheeler S., Garrick D., Loch A., Bjornlund H. Evaluating water market products to acquire water for the environment in Australia. Land Use Pol. 2013, 30:427-436.
58. Wheeler S., Zuo A., Bjornlund H. Irrigator climate change beliefs and adaptability for a water scarce future in Australia. Glob. Environ. Change 2013, 23:537-547.
59. Wheeler S., Zuo A., Bjornlund H., Lane-Miller C. Selling the farm silver? Understanding water sales to the Australian government. Environ. Resour. Econ. 2012, 52:133-154.
60. Wheeler, S., Zuo, A., Hughes, N., 2013c. The Impact of Water Ownership and Water Market Trade Strategy on Australian Irrigators' Net Farm Income, CRMA Working Paper Series. Adelaide, SA.
61. Wittwer G. Confusing policy and catastrophe: buybacks and drought in the Murray-Darling Basin. Econ. Pap. J. Appl. Econ. Policy 2011, 30:289-295.
62. Wittwer G., Dixon J. Effective use of public funding in the Murray-Darling Basin: a comparison of buybacks and infrastructure upgrades. Aust. J. Agric. Resour. Econ. 2013, 57:399-421.
63. Wittwer G., Griffith M. Modelling drought and recovery in the southern Murray-Darling Basin. Aust. J. Agric. Resour. Econ. 2011, 55:342-359.
64. Young M. Managing environmental water. Making Decisions about Environmental Water Allocations 2010, 51-60. Australian Farm Institute, Surrey Hills, Australia. J. Bennett, R. Kingsford, R. Norris, M. Young (Eds.).
65. Young M. Improving the basin plan: Options for consideration. Basin Futures: Water Reform in the Murray-Darling Basin 2011, 439-448. Australian National University E-press, Canberra. D. Connell, Q. Grafton (Eds.).
66. Young M. Trading into and out of trouble: Australia's water allocation and trading experience. Water Trading and Global Water Scarcity: International Perspectives 2013, 94-110. RFF Press/Taylor and Francis/Routledge, UK. J. Maestu (Ed.).