| From Resourceinvestor.com: With cap-and-trade schemes gaining momentum as a viable environmental policy, this column outlines such a market for water licences in Australia. Since the early 90s the market has grown to accommodate trade of nearly 3 billion Australian dollars worth of licenses with a total value of water access entitlements at nearly $A40 billion.
The basic economic problem – scarce resources squared up against insatiable demand – has long been recognised as relevant to environmental issues........................................Full Article: Source
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