Water banking

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Water banking is the practice of forgoing water deliveries during certain periods, and “banking” either the right to use the forgone water in the future, or saving it for someone else to use in exchange for a fee or delivery in kind. It is usually used where there is significant storage capacity to facilitate such transfers of water.

Spain has planned to create a public water bank in each hydrographical basin, which would allow historical water resources to be re-allocated according to criteria of equity, efficiency, and sustainability.^[1] In the United States, it is typically regulated and managed at the state level.

References

↑ Ministerio de Medio Ambiente, Programa AGUA

This article incorporates public domain material from the Congressional Research Service document "Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition" by Jasper Womach.

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