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Conference on Environmental Pollution and Public Health (CEPPH 2010 E-BOOK)

Wuhan,China,China,9.10-9.12,2010

ISBN: 978-1-935068-16-7 Scientific Research Publishing, USA

E-Book 1502pp Pub. Date: October 2010

Category: Engineering

Price: $80

Title: Water Trading: The New Water Allocation Mechanism in Victoria, Australia
Source: Conference on Environmental Pollution and Public Health (CEPPH 2010 E-BOOK) (pp 1400-1403)
Author(s): Junying Jin, College of Resources and Environment, Southwest University Chongqing, China, 400716
Ling Yuan, College of Resources and Environment, Southwest University Chongqing, China, 400716
Weihua Zhang, College of Resources and Environment, Southwest University Chongqing, China, 400716
Abstract: This paper introduces the water trading framework in Victoria, Australia, mainly focusing on temporary water trading between farmers. It starts from the legal background of water allocation to the necessary conditions for a water market to form and operate. The study analyzes one of the very popular online water trading-WATERMOVE in Australia. The result from WATERMOVE is briefly discussed. The legal framework of water rights and the simple price formation mechanism are worth borrowing for water trading to prosper in our country.
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