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A good start to fixing the Murray-Darling Basin would be the sensible pricing of water.
Of these, pricing of water is the most effective way to reduce water consumption.
Furthermore, the transparent pricing of water revealed the value of improving irrigation systems to increase future efficiency and profitability of the farms in the region.
The plan includes construction of new sewage-treatment plants, the closing of polluting factories, changes in farming practices and graduated pricing of water.
Because the provision of water is monopolistic in nature, the pricing of water services should be carefully overseen by well-informed and credible public officials.
Moreover, the low pricing of water is a disincentive for utility companies to diminish water loss along the pipe networks.
Similar(51)
The policy increases crop yields, raises profitability of farming, and increases the shadow price of water.
On bad days, the price of water increases tenfold and the search takes all day.
So would a drop in the price of water in the poorest slums.
Last week the price of water was set to rise nearly 10% in many districts.
In November Beijing put up the price of water for commercial use by nearly 50%.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com