Economics

    Research output: Chapter in Book/Report/Conference proceedingChapter

    Abstract

    The economics of water concerns the measurement and effective management of the trade-offs across its many competing uses (and non-uses) over time and in different locations. Measurement requires estimation of the costs, benefits and risks associated with alternative uses of water. For example, these alternatives could be: (i) keeping water in the river to support ecosystem services, (ii) extracting it for a town’s water supply, or (iii) using water to irrigate a rice crop. Effective management ensures that society’s objectives for water use (for example, environmental sustainability, sanitation and waste disposal, or food production) are achieved by supporting methods to allocate water that favours higher value uses (including non-uses) and ensures that basic water needs are met.
    Original languageEnglish
    Title of host publicationGlobal Water: Issues and Insights
    Editors Grafton, R.Q., Wyrwoll, P., White, C., Allendes, D.
    Place of PublicationCanberra
    PublisherANU Press
    Pages7-10
    Edition1st
    ISBN (Print)9781925021660
    DOIs
    Publication statusPublished - 2014

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