Robber barons and high-speed traders dominate Australia’s water market
- Written by Scott Hamilton, Strategic Advisory Panel Member, Australian-German Energy Transition Hub, The University of Melbourne
What began as an informal arrangement between neighbouring farmers, where one farm’s surplus water could be transferred to another, has over the past two decades morphed into a complex set of commodity markets whose annual turnover exceeds A$1.8 billion.
When the Murray–Darling Basin water markets were established, little consideration...
