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Friday, February 09, 2007

Australian EBaythe

City households would be able to buy and sell water over the internet under a radical savings and trading scheme proposed by two of Australia's leading economists.

Under a scheme currently being developed by a national water- broking company, both farmers and city residents will eventually be able to sell or donate water anywhere in Australia to improve rivers' and wetlands' environmental health.

Just log on and bid for a bath and extra watering for the garden. Interesting idea.

From the always informative Peter Martin

2 comments:

Welshcakes Limoncello said...

Maybe I'll tell the water office here; no, maybe not - we'd have even more chaos!

Colin Campbell said...

There has to be some element of market forces to make the kind of changes in water consumption behaviour. Restrictions are just a blunt instrument and I doubt that they make a huge difference.