Doing the right thing with water: combining market-based principles with policy intervention for the sustainable management of water in agriculture

The increasing importance of sustainability in natural resource management is drawing increasing attention, worldwide, to the role that policies can play in enhancing the management and allocative efficiency of water. Looking at various examples from the literature, we discuss some best practices th...

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Main Authors: Msangi, Siwa, Ringler, Claudia, Rosegrant, Mark W.
Format: Journal Article
Language:Inglés
Published: CAB International 2006
Subjects:
Online Access:https://hdl.handle.net/10568/172192
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author Msangi, Siwa
Ringler, Claudia
Rosegrant, Mark W.
author_browse Msangi, Siwa
Ringler, Claudia
Rosegrant, Mark W.
author_facet Msangi, Siwa
Ringler, Claudia
Rosegrant, Mark W.
author_sort Msangi, Siwa
collection Repository of Agricultural Research Outputs (CGSpace)
description The increasing importance of sustainability in natural resource management is drawing increasing attention, worldwide, to the role that policies can play in enhancing the management and allocative efficiency of water. Looking at various examples from the literature, we discuss some best practices that have been applied in a variety of empirical settings, while highlighting some of the pitfalls to avoid. We discuss the role that assigning water rights can play in creating the necessary incentives for market-based mechanisms of re-allocation to work for water management. We also emphasize the role that remains for centralized regulatory authority, and the need for collective action to ensure that essential ecosystem requirements are met. Among the variety of examples cited are those of inter-sectoral transfers, conjunctive use of surface and groundwater and tradable permit mechanisms for which we also highlight the enabling institutional requirements.
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spelling CGSpace1721922025-12-08T10:29:22Z Doing the right thing with water: combining market-based principles with policy intervention for the sustainable management of water in agriculture Msangi, Siwa Ringler, Claudia Rosegrant, Mark W. water management sustainability agriculture The increasing importance of sustainability in natural resource management is drawing increasing attention, worldwide, to the role that policies can play in enhancing the management and allocative efficiency of water. Looking at various examples from the literature, we discuss some best practices that have been applied in a variety of empirical settings, while highlighting some of the pitfalls to avoid. We discuss the role that assigning water rights can play in creating the necessary incentives for market-based mechanisms of re-allocation to work for water management. We also emphasize the role that remains for centralized regulatory authority, and the need for collective action to ensure that essential ecosystem requirements are met. Among the variety of examples cited are those of inter-sectoral transfers, conjunctive use of surface and groundwater and tradable permit mechanisms for which we also highlight the enabling institutional requirements. 2006 2025-01-29T12:59:31Z 2025-01-29T12:59:31Z Journal Article https://hdl.handle.net/10568/172192 en Limited Access CAB International Msangi, Siwa; Ringler, Claudia; Rosegrant, Mark W. 2006. Doing the right thing with water: combining market-based principles with policy intervention for the sustainable management of water in agriculture. CAB Reviews: Perspectives in Agriculture, Veterinary Science, Nutrition and National Resources 1(037): 1-13. https://doi.org/10.1079/PAVSNNR20061037
spellingShingle water management
sustainability
agriculture
Msangi, Siwa
Ringler, Claudia
Rosegrant, Mark W.
Doing the right thing with water: combining market-based principles with policy intervention for the sustainable management of water in agriculture
title Doing the right thing with water: combining market-based principles with policy intervention for the sustainable management of water in agriculture
title_full Doing the right thing with water: combining market-based principles with policy intervention for the sustainable management of water in agriculture
title_fullStr Doing the right thing with water: combining market-based principles with policy intervention for the sustainable management of water in agriculture
title_full_unstemmed Doing the right thing with water: combining market-based principles with policy intervention for the sustainable management of water in agriculture
title_short Doing the right thing with water: combining market-based principles with policy intervention for the sustainable management of water in agriculture
title_sort doing the right thing with water combining market based principles with policy intervention for the sustainable management of water in agriculture
topic water management
sustainability
agriculture
url https://hdl.handle.net/10568/172192
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AT rosegrantmarkw doingtherightthingwithwatercombiningmarketbasedprincipleswithpolicyinterventionforthesustainablemanagementofwaterinagriculture