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Water Markets: A New Tool for Securing Urban Water Supplies?
Author(s) -
Richter Brian
Publication year - 2014
Publication title -
journal ‐ american water works association
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.466
H-Index - 74
eISSN - 1551-8833
pISSN - 0003-150X
DOI - 10.5942/jawwa.2014.106.0047
Subject(s) - water use , water trading , water resources , purchasing , natural resource economics , business , population , water supply , water conservation , population growth , production (economics) , water resource management , water industry , environmental planning , environmental science , economics , environmental engineering , ecology , demography , macroeconomics , marketing , sociology , biology
City water planners are finding it increasingly difficult to secure additional water supplies in many water‐short regions. Although overall water use in the United States has been relatively stable since the 1980s, urban water demands ‐ driven by population growth and expanding economic production ‐ continue to rise in many cities, outstripping gains in water use efficiency and other demand‐management strategies. The ability to acquire new water supplies by purchasing permanent water rights or leasing water on a temporary basis is providing new options for city water planners in some parts of the world, including the western United States.