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Markets, Water Rights, and Sustainable Development

April 2006

Citation: ELR 10310

Author: D.E. Fisher

Editor's Summary: Today, government agencies in Australia must manage water resources sustainably. One of the means available for achieving this goal is the use of market instruments. Yet the protection of ecological and environmental values and the protection of private interests in water seem at odds with one another. In this Article, Prof. Douglas Fisher examines these two seemingly conflicting objectives as he considers how a market in water rights might be created, what legal framework would be appropriate to sustain such a market, and issues of transferability.

Douglas Fisher is a Professor of Law at Queensland University of Technology, and a Consultant with Phillips Fox Lawyers in Brisbane, Australia. He received his M.A., LL.B., and Ph.D. from the University of Edinburgh in Scotland in the United Kingdom.

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