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What price water? Hydrologists and civil engineers used to have a standard response to water scarcity: build more dams, desalinization plants and even pipelines to bring water from humid to dry areas. Not only have these technological options failed to keep up with rising demand, but they are also too expensive, in ecological as well as economic terms. Today, our hydrological landscape is being re-designed as conservationists and economists form an unusual alliance. Instead of asking, “how can we provide new supplies?”, they now insist the main question is, “how can we cut demand?” Their concerns point to a major paradox: we waste a resource without which we cannot live. The key to more rational management appears to be simple: charge consumers for the water they use. At the same time, other market mechanisms are seen as a solution to allocating water resources efficiently. For example, laws in the US state of California encourage farmers to sell their water rights to cities instead of growing crops during a drought. There is even talk of setting up an international water market so that water-poor countries can buy supplies from the water-rich. But what are the political and social costs of this approach? Can we afford to treat this vital resource like any ordinary commodity? In short, what price water? |