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Tag archives for water markets

A Market-Based Strategy for Sustainable Water Management

By Brian Richter, Chief Scientist, Water, The Nature Conservancy Australia is one of the driest inhabited places on Earth. Yet nearly two-thirds of the country’s land area is devoted to agriculture, generating 93 percent of the domestic food supply. The country is only able to sustain this level of food production through irrigation and an…

Water Privatization: Let’s Cut the Hysteria

  In an editorial published this week in Nature, Frederick Kaufman, a journalism professor at the City University of New York, cries out against the perils of a global water futures market. He cautions that “Financial forecasters perceive that much like traditionally traded commodities — precious metals, for example — the useable water of the…

Australia Takes a Bold Step To Shape its Water Future

Rains have returned to Australia’s drought-stricken Murray-Darling River Basin, with some parts of the watershed getting their first decent drink in a decade. But the region is nonetheless forging ahead with an effort few in the world have had the courage to undertake: asking farmers and communities to adapt to a future with less water…