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What is the value of water? And its price?

Solving the dichotomy between the value and price of water is essential to face a future of significant water risks. Efficient management and raising public awareness of the importance of the water cycle are tools that will allow us to reach an international consensus in the face of the threat of overpopulation and climate change. On World Water Day, we discussed the value and price of water in the World Majlis at the Expo 2020 in Dubai.

Climate fight should not become a battle for power

The more we know about environmental problems, the more global solutions become. The water footprint of economic activity is closely linked to the carbon footprint, and both have an impact on the ecological footprint. The goal of reducing greenhouse gases should take hydric stress into consideration in a global approach that is essential to achieve efficiency and justice.

woman in the river fetching water

The (financial?) value of water

The listing of water rights in California on the Wall Street stock exchange has raised serious issues due to the negative influence it might have on the protection of the human right to water. It is the response of the free market to a scarce good that is subject to the ups and downs in availability and prices mainly due to the climate crisis and the increase in demand. It is a factor that opens the perspective to financial speculation and this must be avoided.   

Nature, a silent asset

Nature is our most important asset. Not only is it the base of our economy, it is also an essential part of ourselves. If it gets sick, we all get sick. And its health has significantly deteriorated in the past few decades without traditional economy taking this into account. It is urgent to move forward so that economic advances include nature in the definition of wealth and water is a good indicator. Revising the concept of GDP is a first step.

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