LONDON, Aug 8 (Reuters) - Markets in water rights are likely to evolve as a rising population leads to shortages and climate change causes drought and famine.
But they will be based on regional and ethical trading practices and will differ from the bulk of commodity trade.
Detractors argue trading water is unethical or even a breach of human rights, but already water rights are bought and sold in arid areas of the globe from Oman to Australia.
"We at Blackhawk strongly believe that water is in fact turning into the new gold for this decade and beyond," said Ziad Abdelnour, president and chief executive of U.S.-based private equity firm Blackhawk Partners.... Read the entire article
I have been teaching Geography and Environmental Studies at Long Island University since 1993. I taught at LIU’s Southampton College and, more recently, the C.W. Post Campus. Most of my activities at LIU have related to sustainable development. In 2007 I initiated the Long Island Climate Solutions Network, http://www.licsn.org.