6.1: Establishing water markets in northern Australia

Quentin Grafton — Fri, 26 Jun 2009 06:09:56 +0000

Project Number:

6.01

Proj Number:

601

Leader:

Quentin Grafton

Abstract

Northern Australian Indigenous people are among the most disadvantaged in the nation. Improved socio-economic status will depend on access to, and sustainable use of, natural resources, including water.

This research will examine the potential effectiveness and durability of water markets in tropical Australia, how the transition to market-based allocation may interact with existing institutions, and the potential socio-economic impacts arising from an open trading market.

Outcomes

The principal outcome sought from the research is better informed policy-makers, regulators and water users regarding the role of markets in managing water entitlements. This includes a better understanding of the constraints involved in water markets and approaches to their resolution.

Issues given particular attention will include:

Water markets

TRaCK Project 601 Updates

6.1: Establishing water markets in northern Australia

Outcomes