Selam/ wrote: ↑09 Jul 2021, 13:00
ደደብ ነች!
ኢትዮጵያ በመጀመሪያ የዉሃ ሃያልነቷን በተግባር ታሳያለች ። ኢትዮጵያ የገልፍ አገሮችን ዉሃ እንደ ዘይት ትሸጣለች ።
Not really! They already know Ethiopia is the water tower of Africa. She's on the money on the electricity.
What she forgot to mention was the budget the Sudanese Farmers allocate for water resource. It's going to be pennies on the dollar.
Sudanese farmers shall hedge bets on the future price of water and water availability in the Ethiopian Highlands. In the Ethiopian Commodity Exchange if they like.
We can also do joint ventures to be on the safe side for them; do it similar to Ethiopia's 19 percent stake in the port of Berbera. We've a stake means the benefit is mutual. No free ride anymore!
The devil is in the details!
Cheers!
Wall Street Begins Trading Water Futures as a Commodity
Fields in California's Central Valley agricultural region.
Fields in California's Central Valley agricultural region. CALIFORNIA DEPARTMENT OF FOOD AND AGRICULTURE
Wall Street has begun trading water as a commodity, like gold or oil. The country’s first water market launched on the Chicago Mercantile Exchange this week with $1.1 billion in contracts tied to water prices in California, Bloomberg News reported.
The market allows farmers, hedge funds, and municipalities to hedge bets on the future price of water and water availability in the American West. The new trading scheme was announced in September, prompted by the region’s worsening heat, drought, and wildfires fueled by climate change. There were two trades when the market went live Monday.
“Climate change, droughts, population growth, and pollution are likely to make water scarcity issues and pricing a hot topic for years to come,” RBC Capital Markets managing director and analyst Deane Dray told Bloomberg. “We are definitely going to watch how this new water futures contract develops.”
Proponents argue the new market will clear up some of the uncertainty around water prices for farmers and municipalities, helping them budget for the resource. But some experts say treating water as a tradable commodity puts a basic human right into the hands of financial institutions and investors, a dangerous arrangement as climate change alters precipitation patterns and increases water scarcity.
“What this represents is a cynical attempt at setting up what’s almost like a betting casino so some people can make money from others suffering,” Basav Sen, climate justice project director at the Institute for Policy Studies, told Earther. “My first reaction when I saw this was horror, but we’ve also seen this coming for quite some time.”
https://e360.yale.edu/digest/wall-stree ... -commodity