An oped piece by the chairman of multinational Nestlé.
"We also need to encourage the responsible use of water. And the only way to do that is to introduce competitive pricing. Water is being wasted and misused because few people are even aware of its worth. Today, 94% of available water is used by agriculture – and because there are no cost consequences for the farmer, almost all of that water is underused or misused."
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A RESPONSE by John Briscoe, Country Director for Brazil, World Bank
http://online.wsj.com/article/SB121417640158095337.html?mod=googlenews_wsj
"There is only one way of getting users to consider opportunity costs and that is to give users well-specified, transferable water rights."
Monday, June 23, 2008
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