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S6E18 - A Cheat Code for California?

S6E18 - A Cheat Code for California?

From(don't) Waste Water! | Water Tech to Solve the World


S6E18 - A Cheat Code for California?

From(don't) Waste Water! | Water Tech to Solve the World

ratings:
Length:
1 minute
Released:
Aug 18, 2022
Format:
Podcast episode

Description

California could save 580 million dollars with one simple move!

In fact, California adopted the sustainable groundwater management act in 2014. But don't worry, it won't be enforced before 2040.

This means that meanwhile, you can still pump groundwater for free despite obvious proof that water scarcity hits tremendously harder year on year. 

Yet, the district of Coachella proved another way to be possible without waiting for 2040. 

They introduced localized groundwater tariffs and leveraged the money thus collected to finance wastewater reuse programs for groundwater recharge. 

Generalizing that approach would already mean a lot for sustainability! Yet we could go one step further by introducing groundwater trading.

In a recent study, Ellen Bruno proved the price elasticity of water demand to be sufficiently different between urban and rural uses for trading to be efficient.

Trading could hence refine the edges of water allocations to ensure water always flows to its best use, and that's how California could save $580 million with one simple move!

Wanna dive deeper into the topic? Check out my conversation with Ellen Bruno on the perks of Groundwater Trading!

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Released:
Aug 18, 2022
Format:
Podcast episode

Titles in the series (100)

❓ Ever wondered how the #WaterIndustry was reacting to our World's Water Challenges? Water Scarcity? #SDG6? Emerging contaminants? Climate Change? Circular Economy? Digitization and Smart Water? ? Get the Water Market pulse, for free. In one hour per week, while you do the dishes! ? Get inspired by incredible guests, Water Entrepreneurs, Thought Leaders, Book Authors, Scientists, and Investors ➡️ Leverage their insights, advice & experience and ensure to stay on top of best practices ?️ Tune in every Wednesday, (don't miss out! ?) ? Find all the detailed episode notes, interviews, infographics, and more on http://dww.show