Water markets in 20 to 30 years ....
“I expect to see a globally integrated market
for fresh water within 25 to 30 years. Once the spot market for water
is integrated, futures markets and other derivative water based water
instruments – puts, calls, swaps – should trade over the exchanges and
over the counter will follow. There will be different grades and types
of fresh water just like the way we have light sweet and heavy sour
crude oil today. Water as an asset class will, in my view, become
eventually the single most important physical commodity based asset
class
– dwarfing oil, copper agricultural commodities as well as precious
metals.”
Willem Buiter, Citigroup economist. (to me via Chris Carter ScotiaGroup email)
Hmmm .... maybe much sooner in certain countries ... we shall see
Willem Buiter, Citigroup economist. (to me via Chris Carter ScotiaGroup email)
Hmmm .... maybe much sooner in certain countries ... we shall see
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