New Article Examines Arizona's Water Credit Transactions

Doctoral student and WRRC alum, Rebecca Bernat, working with Director Sharon B. Megdal and Assistant Director Susanna Eden, has written a groundbreaking article on Arizona's Long-Term Storage Credit (LTSC) water transactions, published in the journal Water on February 19th. Working with 23 years of data from the Arizona Department of Water Resources, Bernat teased out who has been buying and who has been selling these water storage credits created under Arizona law through groundwater recharge. The authors used this analysis to reveal how the growing LTSC market benefits its participants and serves state water management goals. Within a comprehensive discussion, the roles of the Arizona Banking Authority, Central Arizona Groundwater Replenishment District, and investment firms receive focused attention. The article, "Long-Term Storage Credits: Analyzing Market-Based Transactions to Achieve Arizona Water Policy Objectives," is freely available online from Water or the WRRC website.

 

Read the article online

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