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Searching for the right price for water
30th August 2010
This OECD video available on You Tube argues the case for putting a price on water.
Nearly one in every two people will live in water-stressed areas by 2030. Households, industry and agriculture will increasingly compete for water - can the price mechanism be used more intelligently as a way of encouraging a reduction in consumption and signalling resources to be alocated to lowering water wastage? This link provides some good background charts that might be used in teaching on this topic.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.