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California's Water Crisis Is The Result Of Market Failure As Much As Drought
Jun 03, 2015
Weak pricing signals. Poor accounting. Byzantine rules. These are just a few of the reasons why California is in the midst of a water crisis. A lack of rainfall is perhaps the least of the state's problems. California's situation is symptomatic of escalating water risks all across the world, where water is typically undervalued and, as a result, used incredibly inefficiently as more people than ever need it.
New water rules for California cities aren't enough: Scientists
Jun 03, 2015
New urban water restrictions went into effect for cities across California on Monday, but the state will have to do more to prepare for a possible "new normal" of increased demand and dry periods that are longer, more frequent and more intense, a group of scientists said.