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Regulating Energy and Natural Resources$
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Barry Barton, Alastair Lucas, Lila Barrera-Hernández, and Anita Rønne

Print publication date: 2006

Print ISBN-13: 9780199299874

Published to Oxford Scholarship Online: January 2010

DOI: 10.1093/acprof:oso/9780199299874.001.0001

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Efficiency and Environmental Sustainability: Using Market Mechanisms for Water Resources Regulation in Australia

Efficiency and Environmental Sustainability: Using Market Mechanisms for Water Resources Regulation in Australia

Chapter:
(p.293) 15 Efficiency and Environmental Sustainability: Using Market Mechanisms for Water Resources Regulation in Australia
Source:
Regulating Energy and Natural Resources
Author(s):

Lee Godden

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199299874.003.0015

This chapter examines the normative order regulating water in Australia that has emerged in response to large-scale structural adjustments by reference to an extended conception of regulation. This concept incorporates, not only formal laws, but a plethora of less formal standard setting, the development of monitoring and compliance processes, and the techniques of contract, accounting, and audit; all administered and enforced by a mixture of public authorities, independent agencies, and private individuals. It argues that there exists a symbiotic relationship between ‘state’ law and the economic regulation and techniques of the market. This produces a more seamless ‘regulatory space’ inhabited by both public and private act.

Keywords:   Australia, water regulation, regulatory space

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