Events & Media



SUSTAINABLE WATER MARKETS FELLOWSHIP PROGRAM

Presents

"Challenges and Opportunities for Emerging Groundwater Markets"

Nicholas Brozovic
Associate Professor
Department of Agricultural and Consumer Economics
University of Illinois, Urbana-Champaign

Wednesday, April 23, 2014
11:30 - 12:30
Bren Hall 1414

"Nick Brozovic is one of the leading economics researchers on groundwater and the surface/ecosystem interaction with groundwater resources. As surface water supplies become more strained, the effective use of groundwater is becoming even more critical." Gary Libecap, Faculty Host

Abstract
The links between groundwater, rural economies, streams and instream ecosystems have been the subject of extended litigation, media coverage, and academic and government study. Common themes include alarm over long-term groundwater depletion and drought-driven annual drawdowns, the impending transition from irrigated to dryland agriculture, and damages to surface water resources and groundwater-dependent ecosystems species from surface water-groundwater interaction. In response to concerns about water use, there has been localized, rapid innovation in groundwater management institutions. In the United States, changes have generally occurred as a result of either legal impositions on water management districts or a desire to preserve a rural way of life for future generations. For example, quantification, metering, and enforcement of groundwater pumping rights have been established in a few water districts in the United States, as well as elsewhere in the world. Nascent groundwater pumping permit markets are emerging, and voluntary reductions in agricultural groundwater pumping and major changes to water rights systems have been implemented. This seminar will discuss current challenges and opportunities for the analysis, development, and implementation of effective markets for groundwater pumping rights.

Biography
Nicholas Brozović's research focuses on using economic analysis to understand spatial, dynamic natural resource systems, and water resources in particular. He works on the design and evaluation of resource and environmental management policies that are cost-effective and maintain or improve environmental conditions. Much of his work is interdisciplinary and involves collaborations with engineers, urban planners, and ecologists. He is currently working to establish functioning environmental markets (e.g. water markets) that can be used as both research and teaching platforms and as models of sustainability for industry.

NOTE: Community colloquia are generally talks of broad interest geared toward a diverse, sophisticated audience. Their purpose is not only to enhance knowledge and understanding, but also to bring people together and promote interaction that will strengthen the community.

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