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Water the commodity gold of 21st century?

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  • Forget carbon as a commodity— predictions are flying that water will become a premier market good. Is a day near when water will be traded as a commodity, valued according to quality and quantity?

Will the global water crisis reach a level where market mechanisms take over? Forget carbon — predictions are flying that water will become a premier market good. Richard Sandor, CEO of Environmental Financial Products, predicts water may soon be traded as a commodity, valued according to quality and quantity. But the weight of water on a trading system would bring a rush of unintended consequences; it’s an idea that only shines bright at roundtable discussions.

Water is unique — there is no substitute. But will it be the new gold? One thing is for certain: water scarcity is an explosive price-driver for all related goods, particularly agricultural commodities. Maybe a better question: Will agricultural commodities be the “virtual water” of the 21st century?

 

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Discuss this Blog Entry 2

kent hilburn (not verified)
on Aug 16, 2013

interesting that the ms. delta is mentioned in article on southwest water shortage.

San Joaquin Valley John Deere Fan (not verified)
on Aug 16, 2013

The infrastructure of the Central Valley Project in California could be trouble if it's not maintained. The could hamper water flowing south to an area that has no other source of water. The south has to get it's water from the north! Look for a state water bond measure in the November 2014 election. It must pass!!

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