For over 50 years, California has been pumping water through the Sacramento-San Joaquin Delta for extensive urban and agricultural uses around the state. Today, the Delta is ailing and in urgent need of a new management strategy. This report concludes that building a peripheral canal to carry water around the Delta is the most promising way to balance two critical policy goals: reviving a threatened ecosystem and ensuring a reliable, high-quality water supply for California.

Water scarcity is an increasing problem in many parts of the world, yet conventional supply-side economics and management are insufficient to deal with it. One of the key water management options for water demand is water trading. This book explores the role of water trading, as an instrument of integrated water resources management.

Offering a cross-country examination and comparison of drought awareness and experience, this book shows how scientists, water managers, and policy makers approach drought and water scarcity in arid and semi-arid regions of Spain, Mexico, Australia, South Africa and the United States.