“The Colorado River system is among the world’s most overallocated basins, struggling to supply water to the southwestern United States and Mexico. Consequently, 90% of the basin’s native fish species are endangered, threatened or extinct. Driven by a 24-year megadrought, the United States allocated over US$4 billion for drought mitigation, including water market transactions that pay farms, cities and industries to divert less water across the US Southwest. We developed a model of how strategic water markets can restore imperilled fish habitat, integrating hydrology, ecology, economics and water rights within the river’s headwater state of Colorado”.
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