Share the water

The purpose of 3. Water entitlements based on water “shares” allocating a percentage of the water this paper is to inspire available in excess of the water left instream. [...] Water volumes allocated to each share are to be adjusted seasonally, and more often if needed, in response to predicted Albertans to participate flows in the basin; in the discussion about 4. Provided water is secured for people and the environment, establish a water Alberta’s water future in allocation and share trading system that facilitates the re-allocation of water from one use to another; a [...] Albertans and must be water flow regulation, preserved.”2 the protection of While a water allocation system can contribute to the achievement of each of these water quality, and the principles, there are many elements of water policy that are not currently addressed under mitigation of climate Alberta’s Water Act or through a water allocation system. [...] Under the Water Act, the Alberta government may only cancel a licence for non-use if there has been no diversion of any of the water allocated in the licence or the rights granted under the licence have not been used for a three-year period and there is no reasonable prospect the licencee will resume diversion of any of this water under a licence.46 In March 2008, the Government of Alberta paid th [...] Recommendation 4: Provided water is secured for people and the environment, establish a water allocation and share trading system that facilitates the re- allocation of water from one use to another To direct the available water to its highest and best use within each of the share pools, a water share and allocation trading system must allow for the timely and cost-effective transfer of water and