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Water trading

Index Water trading

Water trading is the process of buying and selling water access entitlements, also often called water rights. [1]

57 relations: Aquifer, Australia, Beneficial use, Bottled water, California Department of Water Resources, California Gold Rush, California State Water Resources Control Board, Canary Islands, Chile, Clean Water Act, Coase theorem, Colorado River Compact, Colorado-Big Thompson Project, Common-pool resource, Contingent valuation, Drinking water, Droughts in California, Elinor Ostrom, Eminent domain, Endangered Species Act of 1973, Forfeiture (law), Garrett Hardin, Groundwater, Groundwater recharge, Institution, Iran, Lake ecosystem, Murray-Darling Cap, Murray–Darling basin, Nestlé Waters, New Mexico Environment Department, Pareto efficiency, Prior-appropriation water rights, Public trust doctrine, Riparian water rights, River ecosystem, South Africa, South Asia, South Australia, Spain, Summer fallow, Tap water, Tragedy of the commons, United States, United States Bureau of Reclamation, Usufruct, Vincent Ostrom, Water conflict, Water conservation, Water law in the United States, ..., Water purification, Water quality, Water resources, Water resources law, Water resources management in Chile, Water right, Water table. Expand index (7 more) »

Aquifer

An aquifer is an underground layer of water-bearing permeable rock, rock fractures or unconsolidated materials (gravel, sand, or silt).

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Australia

Australia, officially the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania and numerous smaller islands.

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Beneficial use

"Beneficial use" is a legal term describing a person's right to enjoy the benefits of specific property, especially a view or access to light, air, or water, even though title to that property is held by another person.

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Bottled water

Bottled water is drinking water (e.g., well water, distilled water, mineral water, or spring water) packaged in PET Bottle or Glass Water Bottles.

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California Department of Water Resources

The California Department of Water Resources (DWR), is part of the California Natural Resources Agency.

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California Gold Rush

The California Gold Rush (1848–1855) began on January 24, 1848, when gold was found by James W. Marshall at Sutter's Mill in Coloma, California.

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California State Water Resources Control Board

The California State Water Resources Control Board (SWRCB) is one of six branches of the California Environmental Protection Agency.

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Canary Islands

The Canary Islands (Islas Canarias) is a Spanish archipelago and autonomous community of Spain located in the Atlantic Ocean, west of Morocco at the closest point.

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Chile

Chile, officially the Republic of Chile, is a South American country occupying a long, narrow strip of land between the Andes to the east and the Pacific Ocean to the west.

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Clean Water Act

The Clean Water Act (CWA) is the primary federal law in the United States governing water pollution.

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Coase theorem

In law and economics, the Coase theorem describes the economic efficiency of an economic allocation or outcome in the presence of externalities.

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Colorado River Compact

The Colorado River Compact is a 1922 agreement among seven U.S. states in the basin of the Colorado River in the American Southwest governing the allocation of the water rights to the river's water among the parties of the interstate compact.

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Colorado-Big Thompson Project

The Colorado-Big Thompson Project (abbreviated C-BT) is a federal water diversion project in Colorado designed to collect West Slope mountain water from the headwaters of the Colorado River and divert it to Colorado's Front Range and plains.

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Common-pool resource

In economics, a common-pool resource (CPR) is a type of good consisting of a natural or human-made resource system (e.g. an irrigation system or fishing grounds), whose size or characteristics makes it costly, but not impossible, to exclude potential beneficiaries from obtaining benefits from its use.

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Contingent valuation

Contingent valuation is a survey-based economic technique for the valuation of non-market resources, such as environmental preservation or the impact of contamination.

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Drinking water

Drinking water, also known as potable water, is water that is safe to drink or to use for food preparation.

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Droughts in California

Throughout history, California has experienced many droughts, such as 1841, 1864, 1924, 1928–1935, 1947–1950, 1959–1960, 1976–1977, 2006–2010, and 2012–2017.

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Elinor Ostrom

Elinor Claire "Lin" Ostrom (August 7, 1933 – June 12, 2012) was an American political economist whose work was associated with the New Institutional Economics and the resurgence of political economy.

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Eminent domain

Eminent domain (United States, Philippines), land acquisition (Singapore), compulsory purchase (United Kingdom, New Zealand, Ireland), resumption (Hong Kong, Uganda), resumption/compulsory acquisition (Australia), or expropriation (France, Italy, Mexico, South Africa, Canada, Brazil, Portugal, Spain, Chile, Denmark, Sweden) is the power of a state, provincial, or national government to take private property for public use.

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Endangered Species Act of 1973

The Endangered Species Act of 1973 (ESA; 16 U.S.C. § 1531 et seq.) is one of the few dozens of US environmental laws passed in the 1970s, and serves as the enacting legislation to carry out the provisions outlined in The Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES).

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Forfeiture (law)

Forfeiture is deprivation or destruction of a right in consequence of the non-performance of some obligation or condition.

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Garrett Hardin

Garrett James Hardin (April 21, 1915 – September 14, 2003) was an American ecologist and philosopher who warned of the dangers of overpopulation.

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Groundwater

Groundwater is the water present beneath Earth's surface in soil pore spaces and in the fractures of rock formations.

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Groundwater recharge

Groundwater recharge or deep drainage or deep percolation is a hydrologic process where water moves downward from surface water to groundwater.

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Institution

Institutions are "stable, valued, recurring patterns of behavior".

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Iran

Iran (ایران), also known as Persia, officially the Islamic Republic of Iran (جمهوری اسلامی ایران), is a sovereign state in Western Asia. With over 81 million inhabitants, Iran is the world's 18th-most-populous country. Comprising a land area of, it is the second-largest country in the Middle East and the 17th-largest in the world. Iran is bordered to the northwest by Armenia and the Republic of Azerbaijan, to the north by the Caspian Sea, to the northeast by Turkmenistan, to the east by Afghanistan and Pakistan, to the south by the Persian Gulf and the Gulf of Oman, and to the west by Turkey and Iraq. The country's central location in Eurasia and Western Asia, and its proximity to the Strait of Hormuz, give it geostrategic importance. Tehran is the country's capital and largest city, as well as its leading economic and cultural center. Iran is home to one of the world's oldest civilizations, beginning with the formation of the Elamite kingdoms in the fourth millennium BCE. It was first unified by the Iranian Medes in the seventh century BCE, reaching its greatest territorial size in the sixth century BCE, when Cyrus the Great founded the Achaemenid Empire, which stretched from Eastern Europe to the Indus Valley, becoming one of the largest empires in history. The Iranian realm fell to Alexander the Great in the fourth century BCE and was divided into several Hellenistic states. An Iranian rebellion culminated in the establishment of the Parthian Empire, which was succeeded in the third century CE by the Sasanian Empire, a leading world power for the next four centuries. Arab Muslims conquered the empire in the seventh century CE, displacing the indigenous faiths of Zoroastrianism and Manichaeism with Islam. Iran made major contributions to the Islamic Golden Age that followed, producing many influential figures in art and science. After two centuries, a period of various native Muslim dynasties began, which were later conquered by the Turks and the Mongols. The rise of the Safavids in the 15th century led to the reestablishment of a unified Iranian state and national identity, with the country's conversion to Shia Islam marking a turning point in Iranian and Muslim history. Under Nader Shah, Iran was one of the most powerful states in the 18th century, though by the 19th century, a series of conflicts with the Russian Empire led to significant territorial losses. Popular unrest led to the establishment of a constitutional monarchy and the country's first legislature. A 1953 coup instigated by the United Kingdom and the United States resulted in greater autocracy and growing anti-Western resentment. Subsequent unrest against foreign influence and political repression led to the 1979 Revolution and the establishment of an Islamic republic, a political system that includes elements of a parliamentary democracy vetted and supervised by a theocracy governed by an autocratic "Supreme Leader". During the 1980s, the country was engaged in a war with Iraq, which lasted for almost nine years and resulted in a high number of casualties and economic losses for both sides. According to international reports, Iran's human rights record is exceptionally poor. The regime in Iran is undemocratic, and has frequently persecuted and arrested critics of the government and its Supreme Leader. Women's rights in Iran are described as seriously inadequate, and children's rights have been severely violated, with more child offenders being executed in Iran than in any other country in the world. Since the 2000s, Iran's controversial nuclear program has raised concerns, which is part of the basis of the international sanctions against the country. The Joint Comprehensive Plan of Action, an agreement reached between Iran and the P5+1, was created on 14 July 2015, aimed to loosen the nuclear sanctions in exchange for Iran's restriction in producing enriched uranium. Iran is a founding member of the UN, ECO, NAM, OIC, and OPEC. It is a major regional and middle power, and its large reserves of fossil fuels – which include the world's largest natural gas supply and the fourth-largest proven oil reserves – exert considerable influence in international energy security and the world economy. The country's rich cultural legacy is reflected in part by its 22 UNESCO World Heritage Sites, the third-largest number in Asia and eleventh-largest in the world. Iran is a multicultural country comprising numerous ethnic and linguistic groups, the largest being Persians (61%), Azeris (16%), Kurds (10%), and Lurs (6%).

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Lake ecosystem

A lake ecosystem includes biotic (living) plants, animals and micro-organisms, as well as abiotic (nonliving) physical and chemical interactions.

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Murray-Darling Cap

The Murray-Darling Cap is a policy limiting irrigation diversions in the Murray-Darling Basin (Australia) to the volume of water that would have been diverted under 1993/94 levels of development.

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Murray–Darling basin

The Murray–Darling basin is a large geographical area in the interior of southeastern Australia.

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Nestlé Waters

Nestlé Waters is the bottled water division of the Nestlé Group.

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New Mexico Environment Department

The New Mexico Environment Department (NMED) is a state government agency responsible for "protecting and restoring the environment of the state of New Mexico to foster a healthy and prosperous New Mexico for present and future generations," according to its mission statement.

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Pareto efficiency

Pareto efficiency or Pareto optimality is a state of allocation of resources from which it is impossible to reallocate so as to make any one individual or preference criterion better off without making at least one individual or preference criterion worse off.

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Prior-appropriation water rights

Prior appropriation water rights is the legal doctrine that the first person to take a quantity of water from a water source for "beneficial use" (agricultural, industrial or household) has the right to continue to use that quantity of water for that purpose.

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Public trust doctrine

The public trust doctrine is the principle that the sovereign holds in trust for public use some resources such as shoreline between the high and low tide lines, regardless of private property ownership.

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Riparian water rights

Riparian water rights (or simply riparian rights) is a system for allocating water among those who possess land along its path.

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River ecosystem

The ecosystem of a river is the river viewed as a system operating in its natural environment, and includes biotic (living) interactions amongst plants, animals and micro-organisms, as well as abiotic (nonliving) physical and chemical interactions.

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South Africa

South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa.

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South Asia

South Asia or Southern Asia (also known as the Indian subcontinent) is a term used to represent the southern region of the Asian continent, which comprises the sub-Himalayan SAARC countries and, for some authorities, adjoining countries to the west and east.

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South Australia

South Australia (abbreviated as SA) is a state in the southern central part of Australia.

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Spain

Spain (España), officially the Kingdom of Spain (Reino de España), is a sovereign state mostly located on the Iberian Peninsula in Europe.

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Summer fallow

Summer fallow, sometimes called fallow cropland, is cropland that is purposely kept out of production during a regular growing season.

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Tap water

Tap water (running water, city water, town water, municipal water, etc.) is water supplied to a tap (valve).

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Tragedy of the commons

The tragedy of the commons is a term used in social science to describe a situation in a shared-resource system where individual users acting independently according to their own self-interest behave contrary to the common good of all users by depleting or spoiling that resource through their collective action.

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United States

The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

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United States Bureau of Reclamation

The United States Bureau of Reclamation (USBR), and formerly the United States Reclamation Service (not to be confused with the Office of Surface Mining Reclamation and Enforcement), is a federal agency under the U.S. Department of the Interior, which oversees water resource management, specifically as it applies to the oversight and operation of the diversion, delivery, and storage projects that it has built throughout the western United States for irrigation, water supply, and attendant hydroelectric power generation.

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Usufruct

Usufruct is a limited real right (or in rem right) found in civil-law and mixed jurisdictions that unites the two property interests of usus and fructus.

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Vincent Ostrom

Vincent Alfred Ostrom (September 25, 1919 – June 29, 2012) was an American political economist and the Founding Director of the Ostrom Workshop based at Indiana University and the Arthur F. Bentley Professor Emeritus of Political Science.

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Water conflict

Water conflict is a term describing a conflict between countries, states, or groups over an access to water resources.

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Water conservation

Water conservation includes all the policies, strategies and activities to sustainably manage the natural resource of fresh water, to protect the hydrosphere, and to meet the current and future human demand.

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Water law in the United States

Water law in the United States refers to the Water resources law laws regulating water as a resource in the United States.

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Water purification

Water purification is the process of removing undesirable chemicals, biological contaminants, suspended solids and gases from water.

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Water quality

Water quality refers to the chemical, physical, biological, and radiological characteristics of water.

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Water resources

Water resources are natural resources of water that are potentially useful.

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Water resources law

Water resources law (in some jurisdictions, shortened to "water law") is the field of law dealing with the ownership, control, and use of water as a resource.

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Water resources management in Chile

Water Resources Management (WRM) in Chile is widely known for its 1981 Water Code—written after General Augusto Pinochet took control through a military coup d'état.

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Water right

Water right in water law refers to the right of a user to use water from a water source, e.g., a river, stream, pond or source of groundwater.

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Water table

The water table is the upper surface of the zone of saturation.

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References

[1] https://en.wikipedia.org/wiki/Water_trading

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