Uncertainties in the Australian water availability risk assignment framework: implications for environmental water reserve managers

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Abstract

This article demonstrates that the current Australian approach to allocating risk associated with policies for recovering water for the environmental water reserve is unworkable. It reveals the legal uncertainties the current approach creates for policy‐makers, water entitlement holders and for judges in seeking to resolve disputes between stakeholders, particularly disputes over liability for economic adjustment costs. It ultimately calls for an abandonment of the current approach and legislative attention to correct the inherent uncertainties and ensure that authorities charged with managing the environmental water reserve can do so with the ongoing support and cooperation of irrigators and Murray–Darling Basin communities.
Original languageEnglish
Pages (from-to)185-194
Number of pages10
JournalEconomic Papers: A Journal of Applied Economics and Policy
Volume30
Issue number2
DOIs
Publication statusPublished - Jun 2011
Externally publishedYes

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