PHOENIX, AZ, Dec. 3, 2014 -- According to a new report released by WestWater Research, environmental water market activity has shown significant growth over the last 10 years.
The newest report indicates that total expenditures on water acquired to protect streamflows across the western U.S. have exceeded more than $560 million.
These transactions have been critical for restoring streamflows 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 report estimates that environmental transactions accounted for 40 percent of total volume traded from 2003 to 2012.
These transactions have had a significant impact on streamflows. In 2012, environmental transactions added nearly 1.3 million acre-feet of additional flows to streams across the western U.S.
While the market is most active in the Pacific Northwest, almost all western states have reported environmental trading activity.
See also:
"USGS, Canada develop new advanced website to better monitor streamflow conditions"
"Earthquake-induced increases in streamflow occurring in California, data finds"
About WestWater Research
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. For more information, visit www.waterexchange.com.
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