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Open AccessOpinion

Leveraging Hydrologic Accounting and Water Markets for Improved Water Management: The Case for a Central Clearinghouse

1
Hydrologic Sciences Graduate Group, Department of Land, Air, and Water Resources, University of California, Davis, CA 95616, USA
2
Department of Agricultural and Resource Economics, University of California, Berkeley, CA 94720, USA
3
Geography Graduate Group, Department of Human Ecology, University of California, Davis, CA 95616, USA
4
Department of History, University of California, Davis, CA 95616, USA
5
Hydrologist, Neptune and Company, Lakewood, CO 80215, USA
*
Author to whom correspondence should be addressed.
Water 2018, 10(12), 1720; https://doi.org/10.3390/w10121720
Received: 21 October 2018 / Revised: 16 November 2018 / Accepted: 22 November 2018 / Published: 24 November 2018
(This article belongs to the Special Issue Hydroeconomic Analysis for Sustainable Water Management)
Effective management of water resources requires signaling the scarcity value of water to society. However, accurate signaling is often limited by incomplete and/or untimely accounting of hydrologic stores and flows of water. In this opinion piece, we advocate an incisive yet conceptually simple framework for transparent, real-time accounting of water stores and flows, including both groundwater and surface water, to inform water markets organized around a central clearinghouse. This framework promotes forthright collaboration among disciplines to improve system efficiency and increase water-management transparency. We use California water management as an example for the potential for a central clearinghouse framework that has proven so beneficial to transparency of energy markets in that region. View Full-Text
Keywords: water resources; water markets; hydro-economic analysis; sustainable water management; groundwater/surface-water interactions water resources; water markets; hydro-economic analysis; sustainable water management; groundwater/surface-water interactions
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Maples, S.R.; Bruno, E.M.; Kraus-Polk, A.W.; Roberts, S.N.; Foster, L.M. Leveraging Hydrologic Accounting and Water Markets for Improved Water Management: The Case for a Central Clearinghouse. Water 2018, 10, 1720.

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