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Comments Sought on Market Mechanisms for Recovering Water in the Murray-Darling Basin

31st December 2009

The Productivity Commission has released the Productivity Commission Draft Research Report: Market Mechanisms for Recovering Water in the Murray-Darling Basin (December 2009) for public comment. The Productivity Commission has endorsed the use of market mechanisms to recover water for the environment, finding that the federal government's buyback of permanent water entitlements through a tender process has largely been cost effective, but "could be complemented by direct purchasing from the market, and adoption of a portfolio approach that includes other water products, such as seasonal allocations".

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