body bg

Inform-Banner

Value-driven river management: A Murray River case study

  • Year: 2013
  • Author: NG Bean, ND Jewell
  • Journal Name: Australian Journal of Water Resources
  • Journal Number: Vol. 17 No. 1
  • Publisher: Engineers Australia
  • Published Location: Barton, A.C.T.
  • ISBN: 1324-1583
  • Country: Australia

This paper outlines a quasi-economic hydrological model and management paradigm geared toward public and not-for-profit regulatory bodies, with particular reference to the southern Murray-Darling Basin in southeast Australia. This value-oriented model and paradigm bridges the gap between short-range hydrological forecasting and long-range economic planning. Decision-making is assisted by a scenario-based methodology with a clear distinction between baseline and marginal quantities.

 

The paradigm has applications to seasonal planning, commercial water trading, environmental stewardship and structural adjustment. Specific applications to the Murray-Darling Basin include (i) evaluation of options for infrastructure upgrades and licence buybacks intended to address resource over-allocation, and (ii) revival and rationalisation of hydrological exchange rates for temporary and permanent water trades, with the aim of rigorously accounting for third-party effects.

Related Items

Re-creating the Rural, Reconstructing Nature: An International Literature Review of the Environmental Implications of Amenity Migration

The term 'amenity migration' describes a broad diversity of patterns of human movement to rural...

Mining law in New South Wales : a discussion paper

This paper has been drafted to encourage discussion about the legal framework for mining in NSW,...

Vale Landcare: the rise and decline of community-based natural resource management in rural Australia

For almost two decades, community Landcare groups and supporting institutional bodies were the...

Share this with your friends

Footer Logo

Contact Us

Level 2, 53 Blackall Street
Barton ACT 2600
AUSTRALIA
Telephone: 02 6260 3733
or email us