Water markets and water rebounds: China's water rights trading policy

IF 6.6 2区经济学 Q1 ECOLOGY

Ecological Economics Pub Date : 2024-11-29 DOI:10.1016/j.ecolecon.2024.108471

Jichuan Sheng , Ruzhu Zhang , Hongqiang Yang , Cheng Chen

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引用次数: 0

Abstract

Water markets aim to achieve water conservation and efficient allocation through market transactions. However, the presence of water rebounds may counteract this effect. Water markets and water rebounds have a complex interaction that has not been adequately explored in current studies. This study fills this research gap by developing an analytical framework connecting water markets and water rebounds and scrutinizing the causal linkage between them and the potential mechanisms involved within the context of China's water rights trading (WRT) policy. The findings have the potential to significantly impact water management strategies. We argue that water markets and water rebound mitigation—which is frequently linked with the capacity of water markets to improve water quality—are causally related. Furthermore, deploying water markets may also slow technological progress, resulting in reduced water efficiency and hence, an indirect mitigation of water rebounds. Lastly, the impact of water markets on water rebounds varies according to water availability and socioeconomic levels.

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来源期刊

Ecological Economics 环境科学-环境科学

CiteScore

12.00

自引率

5.70%

发文量

313

审稿时长

6 months

期刊介绍： Ecological Economics is concerned with extending and integrating the understanding of the interfaces and interplay between "nature''s household" (ecosystems) and "humanity''s household" (the economy). Ecological economics is an interdisciplinary field defined by a set of concrete problems or challenges related to governing economic activity in a way that promotes human well-being, sustainability, and justice. The journal thus emphasizes critical work that draws on and integrates elements of ecological science, economics, and the analysis of values, behaviors, cultural practices, institutional structures, and societal dynamics. The journal is transdisciplinary in spirit and methodologically open, drawing on the insights offered by a variety of intellectual traditions, and appealing to a diverse readership. Specific research areas covered include: valuation of natural resources, sustainable agriculture and development, ecologically integrated technology, integrated ecologic-economic modelling at scales from local to regional to global, implications of thermodynamics for economics and ecology, renewable resource management and conservation, critical assessments of the basic assumptions underlying current economic and ecological paradigms and the implications of alternative assumptions, economic and ecological consequences of genetically engineered organisms, and gene pool inventory and management, alternative principles for valuing natural wealth, integrating natural resources and environmental services into national income and wealth accounts, methods of implementing efficient environmental policies, case studies of economic-ecologic conflict or harmony, etc. New issues in this area are rapidly emerging and will find a ready forum in Ecological Economics.