Risks to Shared Water Resources
In 2004 the Murray Darling Basin (MDB) Ministerial Council identified six risks to the shared water resources of the Murray-Darling Basin (the Basin):·
These risks vary in size, impact and consequence across the Basin, and have the potential to significantly affect streamflow. They pose a risk to both environmental and economic sustainability of the river system and its water users (more detail).
The objective of the risks strategy is:
Jurisdictions are accountable for management of the risks and have a range of responses already in place.
They have agreed to implement the Risks Strategy by:
Reports are submitted to the Independent Audit Group in October each year. The Risk Assessment Framework used in the reports will be continuously refined and improved. This framework will assist in targeting the other activities of the program and will be refined by the outcomes of investigations (including those external to the Risks Program eg. Sustainable Rivers Audit, CSIRO Sustainable Yields project). These activities will be coordinated with existing and proposed initiatives across the Basin.
While the risks strategy has been developed around the six original risk factors, the principles and framework set out in the strategy are relevant to, and will be used in responding to, any future risk factors that may be identified.