TRaCK: Tropical Rivers and Coastal Knowledge

Science and knowledge that governments, communities, industries for sustainable use of Australia's tropical rivers and estuaries

TRaCK Water trading

TitleTRaCK Water trading
Publication TypeMagazine Article
Year of Publication2010
AuthorsO'Callaghan, M
MagazineKantri Laif
Issue Number6
Date Published05/2010
Keywords6: Sustainable enterprises

All state and territory governments have agreed – water is a scarce resource that we need to manage better. The principles and mechanisms for better water management are in the National Water Initiative (NWI). One of the mechanisms is the creation of a national market to trade water rights. Markets are expected to result in an appropriate price on water and more efficient water use. Research by the Tropical Rivers and Coastal Knowledge (TRaCK) program, coordinated by NAILSMA, is examining how water markets can work in tropical Australia, and the potential socio-economic impacts arising from an open trading market.