‘Tears water our growth.’ –Shakespeare
California Water Futures Begin Trading Amid Fear of Scarcity
Water is joining gold, oil and other commodities traded on Wall Street […] Farmers, hedge funds and municipalities alike are now able to hedge against — or bet on — future water availability in California, the biggest U.S. agriculture market and world’s fifth-largest economy. […]
The futures are tied to the Nasdaq Veles California Water Index, which was started two years ago and measures the volume-weighted average price of water.
