Water Management: The Path to a Better Future

Last year, I read a Wall Street Journal report that water managers in 36 states expect shortages by the year 2013. Why? The reasons are complex, but in a nutshell, the supply can’t keep up with the demand.

The world’s population tripled in the 20th century, and according to the World Water Council, the use of renewable water resources has grown six fold in that timeframe. Within the next 50 years, the world’s population is expected to increase by another 40 to 50 percent. This population growth – coupled with industrialization and urbanization – will result in an increasing demand for water. But overall, little has been done to address this crucial issue. Consider the Clean Water Act of 1972. Although it was put into place to create an era of technological innovation in the United States, the promise is still largely unfulfilled. More progress has been made in Europe, with the EU Water Framework Directive, but there is still much to be done.

Read more…

Comment: The way to deal with “shortages” is with market pricing. That is, privatize water.

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