Why The Environment Needs Water Markets
by The Daily Eye Team January 19 2017, 2:40 pm Estimated Reading Time: 0 mins, 32 secsSince the 1970s, environmental regulations have prevented many environmental impacts, provided minimal environmental flows and prevented construction of large environmentally damaging projects. But environmental regulations have not succeeded in developing reliable programs and operations for restoring the sustainability of native species. Regulation has been an important stop-gap approach to slow environmental degradation, but is insufficient for environmental recovery or management. Water operations for most other purposes are much more successful by providing system operators more assets and flexibility to respond to varying conditions and improve with time. Environmental water regulations often provide insufficient water or water at the wrong place and time.