The price of water: Market-based strategies are needed to cope with scarcity

Sunding, D

The price of water: Market-based strategies are needed to cope with scarcity

Author

David Sunding

Author Affiliations

D. Sunding is Director, Center for Sustainable Resource Development, and Cooperative Extension Specialist, Department of Agricultural and Resource Economics, UC Berkeley.

Publication Information

Hilgardia 54(2):56-63. DOI:10.3733/ca.v054n02p56. March 2000.

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Abstract

Growing population and environmental concerns are increasing the demand for California's water resources. Historically, the state has dealt with shortages by expanding supply. In the coming years, new strategies will be required to allocate water among existing and emerging uses and to create additional supplies by nontraditional means. Three techniques will form the foundation of water management in the next era: water markets, water-use efficiency and active conjunctive use. Such methods establish prices for water that more accurately reflect costs, encouraging conservation and more efficient use patterns.

References

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