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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)
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Abstract

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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