Water: Futures market invites speculators, challenges basic human rights - UN expert
GENEVA (11 December 2020) – A UN expert on water and human rights today expressed concerns about the creation of the world’s first futures market in water, saying it could invite speculation from financiers who would trade it like other commodities such as gold and oil.
On 7 December, the CME Group launched the world’s first water futures contract for trading with the aim to help water users manage risk and better balance the competing demands for water supply and demand amidst the uncertainty that severe droughts and flooding bring to the availability of water. The new water futures contract allows buyers and sellers to barter a fixed price for the delivery of fixed quantity of water at a future date.
Water: Futures market invites speculators, challenges basic human rights - UN expert - World
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Saudi Arabia: UN experts alarmed by Loujain Al-Hathloul trial, call for immediate release GENEVA (10 December 2020) – UN human rights experts expressed alarm at the commencement of proceedings today against woman human rights defender Loujain Al-Hathloul in a Saudi Specialised Criminal Court, and called for her immediate release from jail and for the “spurious” charges against her to be dropped. Ms. Al-Hathloul had been instrumental in the movement to allow women to drive, and the push to end male guardianship laws. She was detained in May 2018 on national security grounds. “We are extremely alarmed to hear that Ms Al-Hathloul, who has been in detention for more than two years on spurious charges, is now being tried by a Specialized Terrorism Court for exercising her fundamental rights to freedom of expression, peaceful assembly and association,” said Elizabeth Broderick, the Chairperson of the UN Working Group on Discrimination against Women an