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Water Market a Win-Win Approach

There is no time to practice trial and error methods in the key water sector and creative approaches, such as water markets that have been long in use in Spain, Australia and the US, have proved effective
Water Market a Win-Win Approach
Water Market a Win-Win Approach

The first regional water market scheme operating in Khaf County of Iran’s Khorasan Razavi Province since last July is a win-win solution to alleviate water scarcity in drought-stricken regions, the project manager said.
“Setting up water markets where buyers and sellers trade water rights through short- and long-term leases will help better manage surface and ground resources that are dwindling rapidly,” Babak Hassani was also quoted as saying by ILNA.
The scheme allows farmers to sell their excess water share to industrialists in the county, through which they can earn money and equip their fields with new farming and irrigation facilities to boost productivity, he added.
Mining industries in the dry area can develop sustainably, as they do not need to drill deep water wells to meet their requirements.

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