This study used the ABARES water trade model is used to simulate what would happen to the water market under a repeat of the Millennium drought, with current water demand, environmental water recovery, trade limits and carryover rules.
The model provides a basis for separating the effects of historical climate, market and policy shocks on the southern Murray-Darling Basin (sMDB) region, and for simulating the effects of potential future shocks.
Water regulation is being strangled by an out-of-date constitution, argues George Williams in the National Times
LAST WEEK's High Court decision in the Arnold case reveals major problems with Australia's structure of government when it comes to the Murray-Darling basin. The case also suggests...