Water Trading And Global Water Scarcity

Water scarcity is an increasing problem in many parts of the world, yet conventional supply-side economics and management are insufficient to deal with it. One of the key water management options for water demand is water trading. This book explores the role of water trading, as an instrument of integrated water resources management.

Exploring water scarcity issues in light of the growing crisis in global water management, this book examines the applicability of water markets. It provides an overview and understanding of the presence of water markets across the globe, analysing the ways in which different countries and regions are grappling with water scarcity. This timely book offers an insight into the benefits of water markets, and their identified market failures. A water market framework is applied to key case studies, highlighting that the majority of regions have not had sufficient water reforms to allow for the introduction of water markets without negative social consequences. The book addresses existing hydrological and institutional capacity across countries and areas where water reform is needed, and lessons are provided for future water markets, taking into account these limitations. The case studies of different countries tackling water scarcity issues and reform will make this an essential read for scholars of environmental studies, water economics, sustainability management and environmental policies. It will also be an invigorating book for water policy makers interested in lessons for change, and in how to better implement reforms for water markets to help address both water scarcity and improve productivity.

A radical new approach to tackling the growing threat of water scarcity Water is essential to life, yet humankind's relationship with water is complex. For millennia, we have perceived it as abundant and easily accessible. But water shortages are fast becoming a persistent reality for all nations, rich and poor. With demand outstripping supply, a global water crisis is imminent. In this trenchant critique of current water policies and practices, Edward Barbier argues that our water crisis is as much a failure of water management as it is a result of scarcity. Outdated governance structures and institutions, combined with continual underpricing, have perpetuated the overuse and undervaluation of water and disincentivized much-needed technological innovation. As a result "water grabbing" is on the rise, and cooperation to resolve these disputes is increasingly fraught. Barbier draws on evidence from countries across the globe to show the scale of the problem, and outlines the policy and management solutions needed to avert this crisis.

Always considered a classic renewable resource, after a hundred thousand years of farming and industry, rivers in many parts of the world are running dry and the groundwater is over pumped. In addition, the rate at which water sources are becoming contaminated with waste from humans, industry, and agriculture is truly alarming. Do these factors add up to a water crisis that merits drastic, large-scale action? Not necessarily say the editors of Water Crisis: Myth or Reality. They challenge this pessimism, concluding that while there are serious global water issues to be considered, the concept of a global water crisis is largely overstated. The book examines the issues and explores which conditions are permanent and unchangeable and which are remediable and changeable. The chapters explore when and where severe regional and local water problems occur and make suggestions about how they may be solved in a deliberate, non-crisis manner. The book covers recent breakthroughs in desalination technologies, the eco-sanitation revolution, international trade in agricultural products, methods of governance and negotiation in water allocation, and pricing and devolution of property rights and the roles they play in solving water issues. The editors, along with a panel of world-renowned experts, suggest that water issues can be solved over the next few decades using new technologies and processes.

Now in an updated edition, this pioneering and authoritative study considers the profound impact of the growing global water crunch on international peace and security as well as possible ways to mitigate the crisis. Although water is essential to sustaining life and livelihoods, geostrategist Brahma Chellaney argues that it remains the world’s most underappreciated and undervalued resource. One sobering fact is that the retail price of bottled water is already higher than the international spot price of crude oil. But unlike oil, water has no substitute, raising the specter of water becoming the next flashpoint for conflict. Water war as a concept may not mesh with the conventional construct of warfare, especially for those who plan with tanks, combat planes, and attack submarines as weapons. Yet armies don’t necessarily have to march to battle to seize or defend water resources. Water wars—in a political, diplomatic, or economic sense—are already being waged between riparian neighbors in many parts of the world, fueling cycles of bitter recrimination, exacerbating water challenges, and fostering mistrust that impedes broader regional cooperation and integration. The danger is that these water wars could escalate to armed conflict or further limit already stretched food and energy production. Writing in a direct, nontechnical, and engaging style, Brahma Chellaney draws on a wide range of research from scientific and policy fields to examine the different global linkages between water and peace. Offering a holistic picture and integrated solutions, his book has become the recognized authority on the most precious natural resource of this century and how we can secure humankind’s water future.

From cities to biofuels, competition for water is accelerating. Climate change threatens to intensify the onset and severity of the water crisis in several regions of the developing world: this is already happening throughout much of Asia, the Mediterranean, southwestern Australia, and the southwestern US. Along with water shortages, unsafe water becomes an increasingly widespread problem, too. As water crises trigger food and health crises, billions may slip further into poverty, leading to greater social and political unrest, new wars, and worsening national security. Out of Water doesn't just illuminate the coming global water crisis: it presents innovative solutions in agriculture, engineering, governance, and beyond, including state-of-the art techniques for integrated water management. This book will help raise the level of debate about water to the highest levels of government, and identify workable reforms and incentives to help water users utilize this crucial resource far more efficiently.

This book brings together some of the world’s leading water researchers with an especially written collection of chapters on: water economics; transboundary water; water and development; water and energy; and water concepts.

This book "is an excellent argument for private management of humankind's most valuable natural resource. Its thesis is both provocative and suggestive - water is scarce in developing countries because of poor management, not because it is truly in short supply. Water policy affects the future of millions of people across the globe. Segerfeldt offers an efficient, sure, and safe alternative for this future." - back cover.