Jiang, Qiang; Grafton, R Quentin
This study uses a hydro-economic model to examine the role of water trading, and the economic impacts of climate change and reduced surface water availability in the Murray-Darling Basin. The results show that losses to irrigated agriculture under a median climate change scenario are modest, but under a 'modified 2030 dry extreme scenario' there would be substantial reductions in water use, irrigated land use and profits. Nevertheless, the Basin-wide proportional economic impacts would be less...[Show more]
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