Chronic crisis: 30 years on from the Dublin Principles and still no market to value water

Keulertz, Martin; Riddell, Phil

Abstract

Solving the global water crisis requires water to be economically mobile. Well-regulated water markets that can allocate scarce water resources to their best economic, social and environmental uses will require rigorous water accounting; access to the resource by legal, transparent and enforced permits; and a market where permitted water can be sold by users that have more than enough to other potential users that can make better use of it. This will involve exclusion of the weaponization of water for the exercise of power and dismantling market distortions such as agricultural subsidies that are rarely aimed at better water management.

• Journal Article Type: Article
• Acceptance Date: Oct 5, 2022
• Online Publication Date: Nov 17, 2022
• Publication Date: Nov 17, 2022
• Deposit Date: Jan 10, 2023
• Publicly Available Date: May 18, 2024
• Journal: Water International
• Print ISSN: 0250-8060
• Publisher: Taylor & Francis (Routledge)
• Peer Reviewed: Peer Reviewed
• Volume: 47
• Issue: 7
• Pages: 1048-1059
• DOI: https://doi.org/10.1080/02508060.2022.2133426
• Keywords: Management, Monitoring, Policy and Law, Water Science and Technology, Dublin Principles, water management, water accounting, water markets, trade
• Public URL: https://uwe-repository.worktribe.com/output/10200388
• Publisher URL: https://www.tandfonline.com/doi/full/10.1080/02508060.2022.2133426