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Trading water scarcity for sustainability
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Water trading via a cap-and-trade model can be one way to use market signals to allocate resources, reduce scarcity, and enhance ecosystem sustainability. UNITED STATES, May 19, 2021 /EINPresswire.com/ The United Nations defines water scarcity as a lack of availability due to the physical shortage, such as drought, or the failure of institutions and infrastructure to ensure a regular water supply. The UN World Water Development Report in 2020 reported, “four billion people currently experience severe physical water scarcity for at least one month per year, a situation that the climate crisis has exacerbated.” Water scarcity has devastating effects on public health, food security, economic development, education, community stability, and in some countries, safety for women and children.