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WATER MARKETING AS AN ADAPTIVE RESPONSE TO THREAT OF CLIMATE CHANGE

Water is essential for human civilization. It can be a wellspring for prosperity and a source of conflict. For India, and many other nations, ensuring access to quality water supplies is among the most pressing environmental policy challenges of the twenty-first century – and it is a challenge that water institutions are failing to meet. Water use already exceeds the carrying capacity of natural systems in many places and continues to increase. Demographic changes and existing water use patterns have placed tremendous pressures upon water supplies.

 

Global climate change will exacerbate pressures on water resources. Although news reports devote more space to the potential threat of rising sea-levels, for many places “diminished supplies of fresh water may prove a far more serious problem.”

 

This article argues that climate change, and its projected effects on water use and supply, calls for a fundamental re-examination of water institutions. This article suggests that the gradual implementation of water markets is also such a “no regrets” policy.



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Tue, 12/04/2011 - 15:11

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