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Urgent rethink of water required
21 Feb 2008
The government is being called on to take urgent action to cut the volume of water licences in the Murray-Darling basin by as much as 50 per cent. National Water Commission member Peter Cullen has said that licences should be cut by between 40 and 50 per cent, and that compensation for irrigators losing their licences should be a priority. Professor of water economics and management at Adelaide University, Mike Young, will tell a Committee for Economic Development of Australia today that there needs to be an overhaul of the current system so that water is set aside for evaporative losses, with whatever is left to be shared proportionally between irrigators and the environment. Professor Young said that the current system is failing and that the previous coalition government's national plan for water security was a patch-up job rather than a long term solution.
The Australian Financial Review, 21/2/2008
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