Assemblyman Marc Levine has introduced a bill that could put California on the road to developing a water trading market similar to one pioneered by Australia during its “millennium drought.”

“I looked at how Australia dealt with its 14-year drought and saw that water transfers had a good deal to do with them using their water more efficiently,” said Levine, a Democrat who lives in Marin. “I wanted to take the best lessons from how other countries have struggled with drought and apply them to California.”