Promoting efficient and effective water trading across the Murray-Darling Basin
20th August 2009
Conference
Australian Economic Forum, Sydney
Summary
Water use in Austarlia has not been to date fully valued or allocated efficiently.
But there is no doubt that economic principles, the fundamentals of supply and demand, and the role of markets have at least as important a role to play in contributing to important social and environmental objectives as for any other product.
A well-functioning water trading market has a critical role in revealing the true value of water to existing and potential users.
