Via The Wall Street Journal, a report on market failures resulting from Australia’s Darling River crisis: Australia’s Darling River was once filled with fleets of paddle steamers carrying wool to ships bound for England. For nearly two centuries, it provided fresh water to farmers seeking to tame Australia’s rugged interior. No longer. The Darling River hasn’t […]
Read more »Via The Wall Street Journal, commentary on how – for centuries – transparent water exchanges have built resilience across diverse cultures: “Water-Trading Market Runs Into Trouble” (Business News, Sept. 4) sheds overdue light on the abject mess Down Under. However, cap-and-trade water markets are neither strange nor new. For centuries, transparent water exchanges—Oman’s aflaj, Morocco’s […]
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