The cost of complacency in the Cadillac Desert

This summer, the Golden State will face an unprecedented squeeze on its water resources. It is creating exciting opportunities for investors. David Zetland brings the crisis into focus.

California's water crisis has come about as a result of a combination of natural drought conditions (perhaps exacerbated by global warming), and mismanagement of supply (problems with groundwater and conveyance) and demand (inefficient policies for voluntary conservation, rationing and use restrictions). These failures stem from institutional inertia, legal disputes, and the political power of vested interests.

In an average ...

Subscription required

To read this full article you must be subscribed to Global Water Intelligence.
Subscribe Now, Sign up for a Free Trial or Log In