Options for the Procurement of Environmental Water Rights-Market Allocation or Government Regulation?
Confronting with the dual task of developing the economy and protecting the environment, China has made environmental protection one of its basic national policies. In the absence of well-defined property rights, disputes over water use have become more frequent, options for the procurement of environmental water rights in China is a pending issue in the process of sustainable development. Due to the public characteristics of environmental goods, the operation of a simple market or the control by government may not allocate water resources efficiently, the government should play a role via public and private programs enhance the environment through the direct acquisition of environment amenities. The estimation of values for preserving environmental assets is more challenging.
Zhenyu Du and X.B Sun
L. G. Zhao and H. Y. Han, "Options for the Procurement of Environmental Water Rights-Market Allocation or Government Regulation?", Advanced Materials Research, Vols. 113-116, pp. 296-300, 2010