Water Markets in Chile: Are They Meeting Needs?

Robert Hearne, Guillermo Donoso
  • January 2014, Springer Science + Business Media
  • DOI: 10.1007/978-94-017-9081-9_6

Water Markets in Chile: Are They Meeting Needs?

What is it about?

Water markets in Chile have been enabled since the 1981 National Water Law. This law was designed to provide market incentives with the capacity to reallocate water toward more valuable uses. Although there have been many controversies, especially concerning the initial allocation of water-use rights, and the coexistence of consumptive and non-consumptive use rights, water markets have gradually expanded.

Why is it important?

The expansion, geographically, and volumetrically, of market trading suggests that these markets are meeting the needs of most water using sectors.

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The following have contributed to this page: Guillermo Donoso