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This overview delves into the complexities of global water markets, examining critical aspects such as exogenous and endogenous drivers, the interplay between regulations and funding in the U.S., and the nuances of local water management. It highlights key solutions for effective management, including desalination and metering technology. Additionally, it outlines a wishlist of innovations needed to enhance water quality and accessibility. Ultimately, this analysis underscores the importance of understanding market dynamics and institutional frameworks in addressing water scarcity challenges.
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Overview (Firehose-to-Come) • Markets: Global? US? Local? Other? • Jargon: Distraction or Solution? • Drivers: Exogenous and Endogenous • Solutions: Features for Success • Wishlist: What I want/would buy now aguanomics.com
Water Markets [sic] • Global: virtual water (food), climate change • US: regulations, funding, interstate flows • State: groundwater, interbasin transfers • Watershed: environment, trading, disputes • Local: 90% of decisions; 100% of outcomes Non-Spacial Dimensions: Temporal, Legal, Wholesale/retail, Quality, Public/Private Bottom Line: Monopolies are NOT markets! aguanomics.com
Jargon and Buzzwords • Water-Energy Nexus • Third-party Impacts • Hard vs. Soft Path • Political-Economy • Diamond-Water Paradox Bottom Line: Useful concepts, but inertia dominates aguanomics.com
Drivers: Exo and Endo • Exo: We can only cope/hopeexample: climate change • Endo: Pogo says “the enemy is us”example: groundwater (ToC), prices Bottom Line: Low-hanging fruit everywhere! aguanomics.com
Solutions for Success • Supply side for engineers and politiciansexample: Desalination • Demand side for economists and peopleexample: prices and markets Bottom Line: Regulatory risk, capital intensity, inertia and the wall of money means be nimble! aguanomics.com
My Wishlist • Cheap water quality tester real idea • Metering technology (seen the tradeshows?) • Desalination (DXV Tech) • Political solutions are not $-earner Bottom Line: Institutions are trumps aguanomics.com