The Role of Tradable Permits in Water Pollution Control

This working paper first introduces tradable permits as part of an overall taxonomy of economic instruments in the field of water management. In this context, three fundamentally different fields of application of tradable permits systems relating to water are presented: tradable water abstraction r...

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Hauptverfasser: Kraemer, R. Andreas, Kampa, Eleftheria, Interwies, Eduard
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Sprache:eng
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Zusammenfassung:This working paper first introduces tradable permits as part of an overall taxonomy of economic instruments in the field of water management. In this context, three fundamentally different fields of application of tradable permits systems relating to water are presented: tradable water abstraction rights, tradable rights to water-based resources and tradable water pollution rights. Next, the authors provide literature-based empirical evidence of the international experience with tradable water pollution rights (case studies from the US and Australia). Subsequently, the authors make recommendations on the strategies for introducing tradable water pollution rights, they point out opportunities and limitations and discuss the instrument's compatibility in instrument 'mixes'. This paper was prepared for the Technical Seminar on the Feasibility of the Application of Tradable Water Permits for Water Management in Chile, organized by the Inter-American Development Bank (IADB) and the National Environment Commission of Chile (CONAMA) held on November 13th and 14th, 2003 in Santiago de Chile. This working paper is being published with the sole objective of contributing to the debate on a topic of importance to the region, and to elicit comments and suggestions from interested parties. This paper has not gone through the Department's peer review process or undergone consideration by the SDS Management Team. As such, it does not reflect the official position of the Inter-American Development Bank. This paper was prepared as a conceptual framework to stimulate discussions on the role and applicability of tradable permits in water pollution control among participants of the Technical Seminar on the Feasibility of the Application of Tradable Water Permits for Water Management in Chile (13-14 November 2003 in Santiago de Chile). In Chile, water pollution is a major problem. Until recently, existing regulations to control water pollution consisted mainly of non-market based instruments. Innovative instruments are now being explored via a recent national law for tradable emission/discharge permits. The instrument of tradable discharge permits is one of several market-based instruments used in water management and pollution control. Tradable discharge permits are actually among the most challenging market-based instruments in terms of both their design and implementation. Experience to date with tradable discharge permits for water pollution control has been limited and mai
DOI:10.18235/0011164