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ABARE promotes options contracts for irrigators
4 Mar 2005
Options contracts that transfer water rights from irrigators to the environment have the potential to deliver cost effective environmental outcomes, the Australian Bureau of Agricultural and Resource Economics argued at the Outlook conference in Canberra. ABARE said irrigators could retain their permanent entitlement, which would act as a natural hedge against the risk of future declines in access to water resources. ABARE said options contracts would also allows governments to acquire water for environmental purposes.
ABARE, 04/03/05
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