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Water Markets
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Water Markets

A Global Assessment

9781788976923 Edward Elgar Publishing
Edited by Sarah Ann Wheeler, Professor of Water Economics, School of Economics and Public Policy, University of Adelaide, Australia
Publication Date: 2021 ISBN: 978 1 78897 692 3 Extent: 288 pp
Exploring water scarcity issues in light of the growing crisis in global water management, this book examines the applicability of water markets. It provides an overview and understanding of the presence of water markets across the globe, analysing the ways in which different countries and regions are grappling with water scarcity.

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Exploring water scarcity issues in light of the growing crisis in global water management, this book examines the applicability of water markets. It provides an overview and understanding of the presence of water markets across the globe, analysing the ways in which different countries and regions are grappling with water scarcity.
 
This timely book offers an insight into the benefits of water markets, and their identified market failures. A water market framework is applied to key case studies, highlighting that the majority of regions have not had sufficient water reforms to allow for the introduction of water markets without negative social consequences. The book addresses existing hydrological and institutional capacity across countries and areas where water reform is needed, and lessons are provided for future water markets, taking into account these limitations.
 
The case studies of different countries tackling water scarcity issues and reform will make this an essential read for scholars of environmental studies, water economics, sustainability management and environmental policies. It will also be an invigorating book for water policy-makers interested in lessons for change, and in how to better implement reforms for water markets to help address both water scarcity and improve productivity.
Critical Acclaim
‘A veritable cookbook for those interested in understanding the necessary ingredients and recipes to implement successful water markets as a means to reduce water scarcity. A must-read for anyone interested in the current status of water markets worldwide and insight via case studies as to why such markets have – or have not yet – achieved their potential.’
– Kurt Schwabe, University of California-Riverside, US

‘The most comprehensive book on water markets written by the leading experts on the topic. Its up-to-date overview of water markets development around the world and the proposed framework to assess the conditions under which successful markets can emerge make it an essential tool for water managers, academics, and policy-makers.’
– Céline Nauges, Toulouse School of Economics, France

‘If water is valuable and scarce, why is it so poorly managed? Grappling with this paradox is one of the most pressing challenges facing the world today. This collection of invaluable readings provides important insights into whether or not water markets can help. By drawing on case studies from around the world, the book explains how water markets work in many different countries, and how they must improve to be more effective in mitigating water scarcity. This is an essential reference for anyone interested in water markets as a possible mechanism for relieving the rising scarcity of our most cherished resource.’
– Edward B Barbier, Colorado State University, US
Contributors
Contributors: K.D. Adhikari, R. Afzal, M. Ashfaq, I.A. Baig, R.H. Bark, P. Barria, M. Belbase, H. Bjornlund, L. Blessington, C. Chadwick, M. Chilundo, E.W. Christen, B. Cooper, L. Crase, A. de Bonviller, S. de Bonviller, W. de Sousa, G. Donoso, D. Garrick, G. Gilson, R.Q. Grafton, J. Haensch, Q. Huang, A. Johnson, K. Kujinga, A.J. Loch, S. Lountain, Economics. Manzungu, M. McCartney, M. Mdemu, C.D. Pérez-Blanco, J. Pittock, K. Reardon-Smith, L.-M. Rebelob, D. Rivera, M. Shrestha, N.E. Smith, T. Sun, J. Talbot-Jones, A. van Rooyen, J. Wang, S.A. Wheeler, Y. Xu, M. Young, A. Zuo
Contents
Contents:

1 Introduction to Water Markets : an overview and systematic
literature review 1
Sarah Ann Wheeler and Ying Xu
2 Developing a water market readiness assessment framework 20
Sarah Ann Wheeler, Adam Loch, Lin Crase, Mike Young
and R. Quentin Grafton
3 Water markets in Africa: an analysis of Mozambique,
Tanzania and Zimbabwe 50
Jamie Pittock, Louise Blessington, Evan W. Christen,
Henning Bjornlund, Mario Chilundo, Krasposy Kujinga,
Emmanuel Manzungu, Makarius Mdemu, André van
Rooyen and Wilson de Sousa
4 Agricultural water markets in China: a case study of
Zhangye City in Gansu province 65
Alec Zuo, Tianhe Sun, Jinxia Wang and Qiuqiong Huang
5 When the genie is out of the bottle: the case of dynamic
groundwater markets in West Bengal, India 80
Sophie Lountain, Lin Crase and Bethany Cooper
6 Are water markets a viable proposition in the Lower
Mekong Basin? 92
Kate Reardon-Smith, Matthew McCartney and Lisa-Maria Rebelo
7 Nepal: a country where water policy is in flux 113
Andrew Johnson, Madhav Belbase, Keshab Dhoj
Adhikari, Maheswor Shrestha and Juliane Haensch
8 Groundwater markets in the Indus Basin Irrigation System,
Pakistan 127
Irfan Ahmad Baig, Muhammad Ashfaq and Rida Afzal
9 Water markets in France: appropriate water scarcity
management mechanisms? 143
Simon de Bonviller and Arnaud de Bonviller
10 Best-laid plans: water markets in Italy 161
C. Dionisio Pérez-Blanco
11 Applying the WRMA framework in England 175
Rosalind H. Bark and Nancy E. Smith
12 Assessment of water markets in Chile 192
Guillermo Donoso, Pilar Barria, Cristian Chadwick and
Daniela Rivera
13 Ready or not? Learning from 30 years of experimentation
with environmental water markets in the Columbia Basin (USA) 208
Gina Gilson and Dustin Garrick
14 Canterbury, New Zealand case study of the water market
readiness framework assessment 223
Julia Talbot-Jones and R. Quentin Grafton
15 Lessons from water markets around the world 236
Sarah Ann Wheeler

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