Purchasing Water to Create Sustainable Systems: Where Does this Leave the Regulatory Approach?

12th Annual Environmental Research Event, Noosa Queensland

8 Pages Posted: 29 Jul 2009

See all articles by Adam James Loch

Adam James Loch

University of South Australia - CRMA, School of Commerce, UniSA

Henning Bjornlund

University of South Australia - International Graduate School of Management

Geoff Kuehne

University of Melbourne

Date Written: May 11, 2009

Abstract

Prolonged drought and climate change uncertainty has made a sustainable balance between uses of water much more urgent. Previous strategies have revolved around regulatory approaches to reduce the consumptive pool, and leave more water in the rivers for the environment. These approaches have had limited success. Increased emphasis is now placed on purchasing entitlements from irrigators for environmental water. This paper reviews the events and policies which have driven this process and identifies what role the regulatory approach is now expected to play in achieving sustainable water uses. We suggest that the regulatory approach suffers as a result of a cycle of ‘decision deferment’ and consequently offers diminishing value. However, the water purchasing plan may equally limit the likelihood of ensuring adequate wet water to protect key environmental sites during critical periods. A suggested expansion of the water purchasing programme is therefore provided.

Keywords: path dependency, water trade, buyback

Suggested Citation

Loch, Adam James and Bjornlund, Henning and Kuehne, Geoff, Purchasing Water to Create Sustainable Systems: Where Does this Leave the Regulatory Approach? (May 11, 2009). 12th Annual Environmental Research Event, Noosa Queensland, Available at SSRN: https://ssrn.com/abstract=1440632 or http://dx.doi.org/10.2139/ssrn.1440632

Adam James Loch (Contact Author)

University of South Australia - CRMA, School of Commerce, UniSA ( email )

37-44 North Terrace
Adelaide SA 5000, South Australia 5001
Australia
08 8302 7296 (Phone)
08 8302 7001 (Fax)

HOME PAGE: http://www.unisanet.unisa.edu.au/staff/homepage.asp?Name=Adam.Loch

Henning Bjornlund

University of South Australia - International Graduate School of Management ( email )

GPO Box 2471
Adelaide South Australia 5001
Australia

Geoff Kuehne

University of Melbourne ( email )

185 Pelham Street
Carlton, Victoria 3053
Australia

Do you want regular updates from SSRN on Twitter?

Paper statistics

Downloads
36
Abstract Views
583
PlumX Metrics