Business • Markets

Wall Street begins trading water futures as a commodity

The market new allows farmers, hedge funds, and municipalities to hedge bets on the future price of water and water availability in California.

RBC Capital Markets managing director and analyst Deane Dray has stated that "Climate change, droughts, population growth, and pollution are likely to make water scarcity issues and pricing a hot topic for years to come," and added that "We are definitely going to watch how this new water futures contract develops".

Uruguayan geek living in Berlin
Card reviewed by: @ericof