Creating markets for water resiliency and flow restoration transactions
Texas has a favorable regulatory environment that allows water rights holders to be compensated for trading and reallocating their water rights to help meet changing water needs. Yet, these kinds of water market transactions are relatively rare in Texas.
We are building and supporting a marketplace of entities that are pursuing voluntary water transactions that can bolster environmental flows and water supply needs.
We are educating and motivating key market players – including water utilities, groundwater conservation districts, businesses and other key stakeholders – about the benefits of using water transactions as a tool for protecting water resources. We are working with partners to identify funding sources and priority basins where projects are most needed.
We are helping to initiate ‘first move’ projects, including instream flow restoration transactions, corporate water offsets and onsite water reuse infrastructure.
What makes Texas Water Trade unique is that it is creating a marketplace where philanthropy, government grants and other funding can be used to purchase water to replenish resources like Comanche Springs or our rivers and estuaries on the coast.”
-Andy Sansom, Director, Environmental Strategy, The Meadows Center for Water and the Environment