Basin Plan

ACT government investigating potential for water trading

20 July 2018

Blake Foden, The Canberra Times
20 July 2018

The ACT government is spending $120,000 to investigate whether it can contribute 15 of the 62 gigalitres of water the Murray-Darling Basin Authority needs in the next year for its basin water recovery program.

Last month, ministers at a Murray-Darling Basin Ministerial Council meeting agreed that their top priority was to recover the national target of 62 gigalitres of water for the program by June 2019, so that the full 605-gigalitre adjustment agreed to last year could come into effect.

Using $120,000 set aside in the 2018-19 budget, the ACT government’s Environment, Planning and Sustainable Development directorate is now looking into the potential for water trading in the territory.

Read full article here.