“The bill would codify into federal law the 1994 Bay Delta Accord, an agreement between state and federal authorities to coordinate water use and quality standards for water in the California Delta, where the confluence of the Sacramento and San Joaquin rivers enters Suisun Bay and flows toward the Pacific Ocean. Making the accord a federal law would restore water deliveries to Central California users that were “cut off by environmental lawsuits and a series of illogical regulations,” Valadao says in the bill’s summary.”
Stream lining dam project process good for farmers but what about the environment?
Here’s a market solution to consider, President Trump
Researchers propose a new financial tool. Implications for Great Lakes?
I am quoting from an article written by Bret Walton for Circle Blue. He lays out the problem of water shortages out west and introduces the idea of “water insurance” just as we have car or flood insurance.
Greg Characklis, professor at UNC at Chapel Hill, further explains the notion in the following paragraphs:
“Utilities need to change their business models to adapt to 21st-century conditions. In an era of conservation, argues Greg Characklis, water utilities must become more sophisticated financial managers. One way they are doing this is by changing their rate structures so that they earn more revenue from “fixed” fees that do not fluctuate with the amount of water sold.
Characklis, a professor in the department of environmental sciences and engineering at the University of North Carolina, Chapel Hill, has another idea: insurance markets. Farmers buy crop insurance to protect against unpredictable weather and drivers purchase accident protection, but no similar product exists for water utilities. Characklis and his colleagues are assessing the viability of the new financial tool.”