DIRECTOR'S NOTES
Welcome to the Centre for Water Economics, Environment and Policy (CWEEP)
To be a leading applied research centre on water economics and water policy in Australia, the Asia-Pacific, and globally.
DIRECTOR'S NOTES
Welcome to CWEEP! As the acronym implies this centre has a key goal to have a wider and holistic perspective of the world in terms of water so that we can see better and further and to respond to water-related problems. The centre was officially launched in February 2010 and since then we have organized several workshops on water issues, including three separate workshops on water reform in reference to the Murray-Darling Basin. We also have a working paper series
R.Quentin Grafton and Michael B. Ward, (2008), 'Prices versus Rationing: Marshallian Surplus and Mandatory Water Restrictions', The Econimic Record, Vol. 84, SPecial Issue, pp. S57-65
Daniel Connell and R Quentin Grafton, (2008), 'Planning for Water Security in the Murray-Darling Basin', Public Policy, Vol. 3, pp. 67-86
R. Quentin Grafton and Tom Kompas, (2007), 'Pricing Sydney water', The Australian Journal of Agricultural and Resource Economics, Vol. 51, pp. 227–241
R.Q. Grafton and K. Hussey, (2007), 'Buying back the living Murray: at what price?', Australian Journal of Environmental Management, Vol. 14, pp. 74-81
R Quentin Grafton and Deborah Peterson, (2007), 'Water trading and pricing', Managing water for Australia: The social and institutional challenges, Chapter 6, pp. 73-84
The Murray-Darling Basin (MDB) suffered its worst ever recorded drought that ended in 2010 and had devastating impact on communities, agriculture and the environment. This water crisis led to important water reforms over the past decade including: the 2004 National Water Initiative, the Water Act 2007 and the 2008 Water for the Future package. Full integration of these worthy initiatives, with particular attention to: (1) society and communities; (2) the economics of water reform; and (3) the long-term sustainability of the environment offers the promise of a viable future for those who work and enjoy the benefits of living in the MDB.
This project is a close collaboration between the Director of CWEEP, Professor R. Quentin Grafton, and the Wentworth Group of Concerned Scientists.
Using the existing literature and some additional modelling, an economic assessment of the Basin will be provided in terms of the: