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Water rights: the next carbon emissions?

By jumperhead on Tuesday, 4th March 2008

water22.jpgAccording to those good folks at the Independent water is set to be the next commoditised resource.

The paper says:

The right to use water will soon follow in the footsteps of carbon emissions and become a commodity, like the right to pollute, that industry will have to pay for, executives have warned.”In the not too distant future, we will see a price on water just like there is now for carbon and carbon emissions,” said Ditlev Engel, chief executive of Vestas Wind Systems. “It will have to be factored in as a cost.”

While the idea of water rationing for businesses sounds like a right royal pain in the arse for most companies, it’s not exctly a million miles away at the moment – food companies are already cutting back and water firms are working out how to fight shortages. It looks like the writing could be on the wall already.

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