Flexible Instruments to Address Water Security in the Context of Climate Uncertainty: A Case Study of Option Contracts in a Chilean River Basin

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dc.catalogadorpau
dc.contributor.authorÁvila, Antonia
dc.contributor.authorVicuña, Sebastián
dc.contributor.authorGironás, Jorge
dc.contributor.authorMelo, Oscar
dc.contributor.authorRivera, Daniela
dc.contributor.authorMolinos, María
dc.date.accessioned2025-03-20T15:41:10Z
dc.date.available2025-03-20T15:41:10Z
dc.date.issued2025
dc.description.abstractClimate change is causing widespread extreme weather events around the world, affecting food and water security. One example is Chile, which is facing the longest drought in its history. To cope with this situation, adaptation measures such as option contracts have been explored. This type of contract allows the temporary transfer of water from one user to another, depending on weather conditions, with monetary compensation for the users who give up the water. Using the Aconcagua River basin as a case study, it was possible to evaluate the effectiveness of these contracts to mitigate the impact of drought on human consumption in a context of climatic uncertainty. The results indicate that the contract is activated between 0 and 49 times depending on the scenario and that the water supply of the water utility is increased. In conclusion, it is found that option contracts allow mitigating future water scarcity, reducing unsatisfied demand, and improving the water security of the affected populations.
dc.fuente.origenWOS
dc.identifier.doi10.1061/JWRMD5.WRENG-6654
dc.identifier.doi10.1061/JWRMD5.WRENG-6654
dc.identifier.eissn1943-5452
dc.identifier.issn0733-9496
dc.identifier.urihttps://doi.org/10.1061/JWRMD5.WRENG-6654
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/102873
dc.identifier.wosidWOS:001424296000004
dc.information.autorucEscuela de Ingeniería; Ávila, Antonia; S/I; 1026897
dc.information.autorucEscuela de Ingeniería; Vicuña, Sebastián; 0000-0001-6971-0068; 7907
dc.information.autorucEscuela de Ingeniería; Gironás, Jorge; 0000-0002-6933-2658; 1681
dc.information.autorucFacultad de Agronomía e Ingenieria Forestal; Melo, Oscar; 0000-0002-9136-5413; 77463
dc.information.autorucFacultad de Derecho; Rivera, Daniela; 0000-0001-9282-7184; 174086
dc.issue.numero4
dc.language.isoen
dc.nota.accesocontenido parcial
dc.publisherASCE-AMER SOC CIVIL ENGINEERS
dc.revistaJOURNAL OF WATER RESOURCES PLANNING AND MANAGEMENT
dc.rightsacceso restringido
dc.subjectWater resource management
dc.subjectOption contracts
dc.subjectWater security
dc.subject.ddc550
dc.subject.deweyCiencias de la tierraes_ES
dc.titleFlexible Instruments to Address Water Security in the Context of Climate Uncertainty: A Case Study of Option Contracts in a Chilean River Basin
dc.typeartículo
dc.volumen151
sipa.codpersvinculados1026897
sipa.codpersvinculados7907
sipa.codpersvinculados1681
sipa.codpersvinculados77463
sipa.codpersvinculados174086
sipa.trazabilidadWOS;2025-03-01
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