posted on Jan, 28 2013 @ 07:28 AM
reply to post by mikell
I think the point of it is to work as a market mechanism to create an incentive to conserve water resources..
It will be like a 'water use' derivative.. likely corporation of a certain size and performing certain activities will be given an allocated water
usage allowance, if they go under this allowance they can sell their excess and if they are over they have to buy extra credits..
This will make it so that it is financially prudent to use less water - presently the cheap cost of water means that it is cheaper to use heaps of
water than invest in technologies that would save water..
This program aims to make it economically prudent to invest in water saving technologies.
Sure, some people will get rich, some will loose.. But I think the point is to make water valuable so that it isn't wasted.