Limits to Climate Change Adaptation in Small Inland Communities Affected by Drought
This factsheet summarises key findings from a case study on limits to adaptation in small inland communities affected by drought. This case study looks at water trading in the Murray-Darling Basin (MDB) as a market-based instrument (MBI) for climate change adaptation its strengths, weaknesses, and the potential limits to its capacity to address the challenge of climate change. In assessing the limitations of water trading, and MBIs in general, as a climate change adaptation tool, it is crucial, although challenging, to separate the impacts and issues attributable to water trading or water policy from those that are caused by drought or other climate impacts. The highly variable nature of Australias climate poses a significant barrier when developing and implementing any water trading scheme. This factsheet contains further information on adaptation limitations and barriers, the current stressors, and future climate scenarios and impacts predicted for the Murray-Darling Basin and dependent communities. This is one of the six case studies conducted for NCCARFs Limits to Adaptation project to explore the underlying causes and potential to transcend limits in particular regions.