S6E18 - A Cheat Code for California?

California could save 580 million dollars with one simple move! In fact, California adopted the sustainable groundwater management act in 2014. But don't worry, it won't be enforced before 2040. This means that meanwhile, you can still pump groundwater for free despite obvious proof that water scarcity hits tremendously harder year on year.  Yet, the district of Coachella proved another way to be possible without waiting for 2040.  They introduced localized groundwater tariffs and leveraged the money thus collected to finance wastewater reuse programs for groundwater recharge.  Generalizing that approach would already mean a lot for sustainability! Yet we could go one step further by introducing groundwater trading. In a recent study, Ellen Bruno proved the price elasticity of water demand to be sufficiently different between urban and rural uses for trading to be efficient. Trading could hence refine the edges of water allocations to ensure water always flows to its best use, and that's how California could save $580 million with one simple move! Wanna dive deeper into the topic? Check out my conversation with Ellen Bruno on the perks of Groundwater Trading! 🎙️ PODCAST 🎙️ Website: https://dww.show/podcast/ Smartlink: https://smartlink.ausha.co/dont-waste-water 👋  SOCIAL MEDIA  👋  LinkedIn: https://www.linkedin.com/in/antoinewalter1/ Instagram: https://www.instagram.com/dwwpodcast/ Twitter: https://twitter.com/AntoineWalter7 Facebook: https://www.facebook.com/DontWasteWaterPodcastHosted on Ausha. See ausha.co/privacy-policy for more information.