Are water markets a viable proposition in the Lower Mekong Basin?

Reardon-Smith, Kate and McCartney, Matthew and Rebelo, Lisa-Maria (2021) Are water markets a viable proposition in the Lower Mekong Basin? In: Water markets: a global assessment. Edward Elgar Publishing Limited, Cheltenham, United Kingdom, pp. 91-111. ISBN 978-1-78897-692-3


Abstract

Water markets are a potential approach for reallocating and improving the efficiency of water use in river basins in which water resources are under stress as a consequence of demographic and economic pressures. However, establishing water markets is not easy and to be successful a wide range of context specific criteria, relating to the legal and institutional framework as well as political and economic conditions, must be met. We applied the Water Market Readiness Assessment framework proposed by Wheeler et al. (2017) to investigate whether adequate policy and governance arrangements were in place to enable water markets to effectively operate in the countries of the Lower Mekong River Basin. We identify a number of key gaps and conclude that more conventional regulatory approaches, along with integrated basin planning and management, will likely better serve the communities and environments of the region.


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Item Type: Book Chapter (Commonwealth Reporting Category B)
Refereed: Yes
Item Status: Live Archive
Additional Information: Permanent restricted access to Published chapter + Front Matter, in a accordance with the copyright policy of the publisher.
Faculty/School / Institute/Centre: Current - Institute for Life Sciences and the Environment - Centre for Applied Climate Sciences (1 Aug 2018 -)
Faculty/School / Institute/Centre: Current - Institute for Life Sciences and the Environment - Centre for Applied Climate Sciences (1 Aug 2018 -)
Date Deposited: 13 Oct 2021 01:55
Last Modified: 13 Oct 2021 04:26
Uncontrolled Keywords: Mekong River Basin; transboundary governance; water security; demand side management
Fields of Research (2008): 05 Environmental Sciences > 0502 Environmental Science and Management > 050209 Natural Resource Management
05 Environmental Sciences > 0502 Environmental Science and Management > 050205 Environmental Management
Fields of Research (2020): 41 ENVIRONMENTAL SCIENCES > 4104 Environmental management > 410406 Natural resource management
Socio-Economic Objectives (2008): D Environment > 96 Environment > 9607 Environmental Policy, Legislation and Standards > 960706 Rural Water Policy
Socio-Economic Objectives (2020): 19 ENVIRONMENTAL POLICY, CLIMATE CHANGE AND NATURAL HAZARDS > 1902 Environmental policy, legislation and standards > 190211 Water policy (incl. water allocation)
Identification Number or DOI: https://doi.org/10.4337/9781788976930.00015
URI: http://eprints.usq.edu.au/id/eprint/43868

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