Snowy problems blamed on financial incentives

Snowy problems blamed on financial incentives

Posted March 15, 2012 06:06:18

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An environment group says the health of the New South Wales Snowy River is being compromised by financial incentives.

The State Office of Water will not bring forward this year’s environmental flows program in light of the recent rain, but Snowy Hydro says the downpour provides an opportunity to improve the health of the system.

The Alliance’s Chairman, John Gallard, says the dispute has created tensions between the environment and the well-being of Murray River irrigators.

He says stakeholders are too focused on the financial bottom line.

“I think it comes at a loss of profit for Snowy Hydro in hedging the environmental benefits, or the irrigation benefits of water that they can keep and store in their reservoirs for future releases to irrigators,” Mr Gallard said.

For more, go to the South East News Blog.

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