Lec_26_Freshwater Resources_03_25_09

Lec_26_Freshwater Resources_03_25_09 - Freshwater Resources...

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Freshwater Resources
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Principal Issues in Renewable Natural Resources 1. sustainability: management approaches 2. conservation vs. preservation: wise use and the rights of nature
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A major difficulty in allocating groundwater is that the future value of water left in a basin is not captured solely by individuals who decide to conserve. Water left for the future is a fugitive resource; that is its value can be captured by anyone…. . Each individual realizes that anything he leaves behind may be consumed by others.
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Each individual achieves the greatest net benefits by pumping water earlier than the others, because the costs increase as the level is lowered. The "tragedy of the commons" occurs because each individual has an incentive to pump water earlier than anyone else, so the supply is rapidly depleted. Anderson and Leal, 1989
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Sierra Club Water Commodification Principles 1. Water is a public resource, not a commodity. Public policy must ensure the sustainability of safe water supplies for the benefit of all people and the natural
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This note was uploaded on 03/29/2009 for the course NTRES 2010 taught by Professor Fahey,tj during the Spring '09 term at Cornell University (Engineering School).

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Lec_26_Freshwater Resources_03_25_09 - Freshwater Resources...

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