Essay Examples on DeVry University

Water pricing would enhance the more efficient allocation

However the above mentioned benefits are not without trade offs although a consultative and all inclusive approach in decision making can minimize the impacts of the tradeoffs For instance 40 more water would be withdrawn to attain the 55 contribution of a total value of food supply from irrigated agricultural production This poses some threats to the aquatic and marine ecosystems in many areas around the world The Comprehensive Assessment 2007 further highlights examples on some costs and benefits of various trade offs These include the tradeoffs between water storage for agriculture and water for the environment reallocation and overallocation of water resource basins upstream and downstream management effects equity and productivity effects as well as the tradeoff between this generation and generations yet unborn Payments for water related Environmental Services PES are also gaining greater attention Empirical studies attempt to assess the benefits people derive from receiving PES For example Kosoy et al 2007 compared three schemes of PES in three different countries in Central America The study found that payments received are less than the opportunity costs incurred by beneficiaries hence violating the economic rationale of PES schemes



1 pages | 371 words
Save