Short summary: It is bad. And it's going to get a LOT worse.
(Image from thehindu.com) Time to spend money and attention on adaptation Price water. Please. We do not have the luxury to waste water on growing low-yielding rice varieties and sustaining 300 million cows & buffaloes. However, the current machinery extracts significant rent from crises. Emergencies give procedural checks and balances a go-bye making an already leaky [...]
Climate Change is a classic case of "Tragedy of the commons". Briefly, when a group of individuals (persons, companies, countries) have shared access to a common resource (think "air"), each person will behave in a manner that maximizes his return at the cost of the groups. In climate change, there's a twist. Developed nations who [...]
the business of water: http://www.ft.com/intl/cms/s/2/8e42bdc8-0838-11e4-9afc-00144feab7de.html#slide0 Some quotes from the article: Since 2011 companies have spent more than $84bn worldwide to improve the way they conserve, manage or obtain water, according to data from Global Water Intelligence, regulatory disclosures and executive interviews with the Financial Times. The $550bn global water market – which covers everything from water [...]