The Intelligence from The Economist

For whom the well tolls: Why we must price water

Aug 30, 2024
Robert, Deputy Editor at The Economist and a water scarcity expert, discusses the urgent need for water pricing to address growing shortages globally. Annie Crable highlights the rising illegal crossings at the US-Canada border, illustrating the complexities and human experiences behind migration. Anne Rowe pays tribute to biological anthropologist Helen Fisher, exploring the science of love and its nuanced dynamics. Together, they unpack critical issues that intertwine nature, human behavior, and societal challenges.
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INSIGHT

The Global Water Crisis

  • Water scarcity is increasing globally, exacerbated by climate change and poor water management.
  • Pricing water incentivizes conservation and reflects its true cost in food prices.
ANECDOTE

Chilean Farmer's Struggle

  • Chilean farmer Alejandro Meneses struggles with water scarcity for farming.
  • Water thieves worsen the problem, highlighting the conflict arising from dwindling resources.
ADVICE

Pricing Water

  • Implement water pricing, as demonstrated in Australia, to encourage water conservation.
  • This encourages less thirsty crops, drip irrigation, and hydroponics adoption.
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