Institutional Innovations to Govern Environmental Water in the Western United States: Lessons for Australia’s Murray–Darling Basin

The commitment to recover water for the environment in the Murray–Darling Basin is unprecedented internationally. However, the use of water markets to reallocate water for the environment first occurred in the Western United States in the late 1980s as part of water reforms that remain ongoing. This paper explores lessons from institutional innovations in the Western United States, including design principles to coordinate environmental water …