Market-based Responses to Arizona’s Water Sustainability Challenges
Description
The Cornerstones Report explores how market-based tools can contribute to the protection and restoration of ecosystem water needs. The overarching goal of this report is to demonstrate how a market-based response—defined as the use of tradable water rights by institutions to facilitate voluntary reallocation of water to meet ecological needs—can
be an integral part of water management in Arizona. To meet this goal, the report identifies the foundational elements needed to develop and apply market-based options by examining:
• Arizona's water sustainability challenges and their driving forces
• The diverse water geographies in Arizona
• Market-based reallocation alternatives
• Challenges and opportunities for market-based responses