Murrumbidgee Catchment, New South Wales: Recharge Trading and Targeting Markets pilot studies

There are two 'markets for ecosystem services' pilot studies in the Murrumbidgee Catchment of New South Wales, Australia. The first, "Recharge Trading", aims to develop a market-based instrument to resolve the issue of salinization caused by excess groundwater recharge from irrigated agriculture. The second, "Targeting Markets", explores the factors and conditions that make market-based approaches more or less suitable for addressing a natural resource management issue. The study suggests that greater heterogeneity in socio-economic factors, biophysical conditions, and management options makes market-based approaches more appropriate.