California is running out of water, beware
The move by California to require mandatory cuts in water use for the first time in its history has highlighted the world’s looming water crisis and increased the focus on the links between sustainable water and sustainable energy.
“We need a new paradigm,” says Steven Solomon, author of Water: The Epic Struggle for Wealth, Power and Civilization. “The days when we could just go further into the mountains and find new sources of water are past. We need to make better use of the water we have.”
The good news is that this offers opportunities for investors in everything from IBM’s development of smart metering for water use to more mundane technology like devices to detect water leaks.