Lessons to be learned from groundwater trading in Australia and the United States

Sarah Ann Wheeler; Karina Schoengold; Henning Bjornlund

doi:10.1007/978-3-319-23576-9_20

Lessons to be learned from groundwater trading in Australia and the United States

Sarah Ann Wheeler, Karina Schoengold, Henning Bjornlund

Daugherty Water for Food Global Institute

Research output: Chapter in Book/Report/Conference proceeding › Chapter

20 Scopus citations

Abstract

This chapter provides an overview of the issues and challenges facing policy makers intending to establish groundwater markets. It studies in detail two developed countries that have introduced groundwater trading and have some experience in its implementation-Australia and the United States of America- and draws out lessons from these countries that need to be considered for the development of groundwater markets around the world. The key lessons that this chapter stresses are: the importance of establishing institutions and regulations; investing in high quality economic and scientific research; that opportunities arise from crises; and that social concerns are not always the most important considerations to be aware of for efficient and effective groundwater markets.

Original language	English (US)
Title of host publication	Integrated Groundwater Management
Subtitle of host publication	Concepts, Approaches and Challenges
Publisher	Springer International Publishing
Pages	493-517
Number of pages	25
ISBN (Electronic)	9783319235769
ISBN (Print)	9783319235752
DOIs	https://doi.org/10.1007/978-3-319-23576-9_20
State	Published - Jan 1 2016

ASJC Scopus subject areas

Earth and Planetary Sciences(all)
Environmental Science(all)
Economics, Econometrics and Finance(all)
Business, Management and Accounting(all)

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10.1007/978-3-319-23576-9_20

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Lessons to be learned from groundwater trading in Australia and the United States

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