Buy that fish a drink! Environmental water market spending tops $560 million
PHONEIX, Dec. 3, 2014 /PRNewswire/ -- According to a recent report released by WestWater Research, environmental water market activity has shown significant growth over the last ten years. The newest report indicates total expenditures on water acquired to protect streamflows across the western United States have exceeded more than $560 million. These transactions have been critical for restoring stream flows for endangered fish species and improving water quality.
Over the last decade, federal and state agencies as well as a growing number of private organizations have become a major part of overall trading activity. The recent report by WestWater estimates that environmental transactions accounted for 40% of total volume traded from 2003-2012. These transactions have had a significant impact on stream flows. In 2012, environmental transactions added nearly 1.3 million acre feet of additional flows to streams across the western United States. While the market is most active in the Pacific Northwest, almost all western states have reported environmental trading activity.
The current Water Market Insider publication highlights the unique aspects of the environmental water market including regional differences, and reports market trends impacting both price and trading volume. The full report, and all past issues of the Water Market Insider are available exclusively from WestWater Research at www.waterexchange.com.
WestWater Research is the leading economic and financial consulting authority of the water rights industry. The firm provides transaction advisory services, water right valuations and appraisals, marketing services, economic planning, and investment services. Since its inception in 2001, WestWater has advised clients in every western state, including Alaska and Texas, on various water resources projects. The WestWater team excels at identifying and implementing creative solutions to complex water resource issues.
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SOURCE WestWater Research
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