Ten great cities dying of thirst in Wallstreet 24/7 points to a problem already serious in some cases, and during the 2007/2008 drought made readily apparent – our lack of will to address water infrastructure problems and replacement, and our use of water that is outstripping sources.
This report by Ceres and Water Asset Management (link repaired) shows that few participants in the
bond market—including investors, bond rating agencies, and the utilities themselves—
are accounting for growing water scarcity, legal conflicts and other threats in their
analyses. Some are even inadvertently encouraging risk by rewarding pricing and
infrastructure plans that encourage increased water use despite near-term supply
constraints. By overlooking these critical factors, all involved are allowing water risk to grow—and remain hidden—in the bond market.
Obsidianwings carries a post on water:
While the Republicans celebrate their historical victories, the Democrats lick their wounds, the bankers count their bonus money, and the rest of us try to hold on to our jobs, homes, and retirement savings, some large US cities are facing a real challenge:
They’re running out of water. (see above link)
No water is a real problem.
And not just an “I can’t water my lawn” problem. A”my city can’t generate electricity”, or “these millions of acres can no longer be productive agricultural land” problem, or “it’s going to cost me five times as much for water next year” problem.
Or, a “this city can no longer support it’s population” problem.
This country and its economy has, to a great degree, been living off of infrastructure built years ago. Decades ago. It’s wearing out, being used up, being overwhelmed by the increasing demand being put on it. It will take effort, and costs money – a lot of money – to rebuild.
I’m not seeing that happening. We have a reduced tax base because the FIRE sector blew the economy up, and because we’ve moved all of the non-tech middle class jobs offshore. It’s worth a Congressperson’s political life to suggest raising tax rates, on anyone, in any form, for any reason.
World bank and water describes the transnational ownership and distribution trade in water infrastructure, distribution, and human dimension for access to water for drinking and sanitation.