2 min listen
S4E6 - How Water Trading Unbelievably Killed One Million Fishes (and a River)
S4E6 - How Water Trading Unbelievably Killed One Million Fishes (and a River)
ratings:
Length:
63 minutes
Released:
Dec 1, 2021
Format:
Podcast episode
Description
with ?️ Scott Hamilton, Researcher, Policy Advisor and author of "Sold Down the River"
? in "Sold Down the River," Scott Hamilton and Stuart Kells explore how Robber Barons and Wall Street Traders Cornered Australia’s Water Market.
What we covered:
? How the Murray-Darling River Basin spreads across 4 states, produces 40% of Australia's food, and creates $24 billion of yearly agricultural value
? How it isn't really Water anymore, flowing in the Murray River, but liquid money
? How the liberal breeze of the 1980s induced the creation of the Australian Water Trading Market
? How the Millennium Drought pushed the Australian regulators to go harder, quicker, and further than any other country when it comes to Water Trading
? How this is supposed to help Water flow to its best use
? How instead, it pushes Water to flow where the most money can be extracted from the system
? How hedge funds can push individual farmers and irrigators to their maximum willingness to pay, and how they do it all the time
? How the Murray River's 70'000 years-long memoir and how connected it is to Australia's history
? How the trading of Water completely changed the demography of the Murray-Darling Basin
? How financial players were invited into the market to provide liquidity - and how that failed
? How the water market, unlike traditional commodity markets, is totally deregulated
? How farmers did not stand a chance against professional traders with bots, information, and deep pockets
? How the best soils now dry out and how the government had to step in to buy low-flow Water on the market
? Dying fishes, moving indigenous graves, influence of Climate Change, Environmental & cultural impacts... and much more!
? ... and of course, we concluded with the ????? ???? ????????? ?
➡️ Get the Full Story (including an infographic and full transcript) here: https://dww.show/how-water-trading-unbelievably-killed-one-million-fishes-and-a-river/
? in "Sold Down the River," Scott Hamilton and Stuart Kells explore how Robber Barons and Wall Street Traders Cornered Australia’s Water Market.
What we covered:
? How the Murray-Darling River Basin spreads across 4 states, produces 40% of Australia's food, and creates $24 billion of yearly agricultural value
? How it isn't really Water anymore, flowing in the Murray River, but liquid money
? How the liberal breeze of the 1980s induced the creation of the Australian Water Trading Market
? How the Millennium Drought pushed the Australian regulators to go harder, quicker, and further than any other country when it comes to Water Trading
? How this is supposed to help Water flow to its best use
? How instead, it pushes Water to flow where the most money can be extracted from the system
? How hedge funds can push individual farmers and irrigators to their maximum willingness to pay, and how they do it all the time
? How the Murray River's 70'000 years-long memoir and how connected it is to Australia's history
? How the trading of Water completely changed the demography of the Murray-Darling Basin
? How financial players were invited into the market to provide liquidity - and how that failed
? How the water market, unlike traditional commodity markets, is totally deregulated
? How farmers did not stand a chance against professional traders with bots, information, and deep pockets
? How the best soils now dry out and how the government had to step in to buy low-flow Water on the market
? Dying fishes, moving indigenous graves, influence of Climate Change, Environmental & cultural impacts... and much more!
? ... and of course, we concluded with the ????? ???? ????????? ?
➡️ Get the Full Story (including an infographic and full transcript) here: https://dww.show/how-water-trading-unbelievably-killed-one-million-fishes-and-a-river/
Released:
Dec 1, 2021
Format:
Podcast episode
Titles in the series (100)
Trailer: We are glad to announce you today the inception of this new podcast! Our mission, is to help wastewater professionals to take the pulse of our industry, by interviewing experts and passionate people, every wednesday. You can follow our host on Linkedi... by (don't) Waste Water! | Water Tech to Solve the World