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3426

The Role of Tradable Permits in Water Pollution Control

R. Andreas Kraemer, Eleftheria Kampa, Eduard Interwies

This analysis of pollutant trading opportunities and review of existing markets was undertaken to encourage discussion by water managers in Chile. The paper gives a brief overview of each type of economic incentive related to water including taxes, water pricing, service charges, subsidies, liabilities for damages and tradable rights and permits. The paper concludes with a recognition of the need for strong legal frameworks that are linked to the practical realities of the country attempting to create a trading system to make the trading system a potential success.

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