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The issue of water management has become one of increasing importance. Any new policy regarding resource management must balance the needs of the environment, the municipalities, and industry. In an effort to reconcile these needs, this report reviews the best practices of water policy. Specifically, the reason for undertaking this report is to research policy options available to the Alberta government to provide a framework for improving the Water for Life strategy. One generalization that can be made across the spectrum of privatization models is that whenever a resource is labelled a commodity, the objective to sell it for a profit invariably undermines the aquatic ecology at the source. The report identifies a common practice in which industrial entities pay for water on a sliding scale, (if they are made to pay anything at all), with bulk water purchases becoming cheaper as more water is consumed. By applying a conservation-orientated system to industrial users, the minimum amount of water available would have heavy fees assigned when exceeding the allotment. An industrial system with the conservation-orientated approach could also add extra incentive to recycle water used for industrial purposes. A policy of conservation-orientated charging applied to municipalities and industry offers the practical aspects of water leases and conservation enforcement. Research finds that private ownership of water offers more detrimental than beneficial outcomes for the people of Alberta.

Selling Ourselves Short: A Discussion of Water-Markets in Alberta