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

Sarah Ann Wheeler, Karina Schoengold, Henning Bjornlund

Research output: Chapter in Book/Report/Conference proceedingChapter

17 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 languageEnglish (US)
Title of host publicationIntegrated Groundwater Management
Subtitle of host publicationConcepts, Approaches and Challenges
PublisherSpringer International Publishing
Pages493-517
Number of pages25
ISBN (Electronic)9783319235769
ISBN (Print)9783319235752
DOIs
StatePublished - 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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