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Shining Light on Farm & Food Policy for 20 Years.
Friday, November 08, 2024
A new water trading and accounting platform aimed at easily matching those who need water with those who have it would also give Groundwater Sustainability Agencies near real-time data for maintaining accurate water accounting and that, in turn, would help them comply with the Sustainable Groundwater Management Act.
Coastal cities and farming regions can maximize supplies by teaming up. And it could help with critical infrastructure funding and upgrading water trading policies.
Water is now being traded on the CME Group's new index, but some California water managers and market observers are less confident the futures contract will offer much benefit.
A PPIC report finds partnerships between water agencies in the San Joaquin Valley and Southern California could help balance water budgets and bolster drought resilience.
Reform is needed to strengthen California’s water trading market and minimize the impacts of the Sustainable Groundwater Management Act, according to the Public Policy Institute of California.
