Dryland salinity credit trade - National Market-based Instruments Program Project report
Final report for MBI project 57
CSIRO Land and Water
March 2006
PDF file
About this report
This report is on a dryland salinity credit trade trial that is one of eleven trials implemented under the Commonwealth Market-Based Instruments Pilot Program, round one. The trial, was developed in response to a specific request by the round one trial selection panel for a credit trading trial focussed on dryland salinity. It was implemented in the upper Bet Bet subcatchment of the Loddon River in north central Victoria.
The fundamental goal of the trial was to set an aggregate threshold for groundwater recharge volumes for each trial participant. Participants can then meet their goals through credits resulting from land management outcomes resulting in recharge reduction or through credit trade amongst participants. This allows individual under-performance if it is compensated by over-performance elsewhere.
This is the trial final report. It contains:
- a brief synopsis of trial work to design salinity impact assessment and accounting
protocols, and design credit trade policy implementation arrangements; - a description of the outcomes of implementation of the pilot to date including:
- summary of the level of on-ground works undertaken;
- outcomes of participant performance audits; and
- participant debit credit positions as of early 2006;
- an evaluation of Bet Bet Creek, Loddon River and River Murray flow and salinity
impacts expected to result from trial implementation; - an assessment of the benefits and costs expected to result from trial implementation;
and - a summary of key outcomes and broadly applicable learnings from the MBI trial.
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