The Hydrological Spread – Market incentives to solve our Water Use Dilemma?
Conserving public resources by licensing the Anticipated Future Value of Public Resources (AFVPR)
With Oil Sands Float Rights, I proposed developing a new public license for the Anticipated Future Value of Public Resources (AFVPR), with the idea that AFVPR licensing creates a market incentive for oil industry players to have zero waste during wholesale extraction of the liquid resource. There is money to be made in mining the value whether or not the liquid resource is mined, but both can occur without harming the environment if there is a market incentive to prevent waste. This creates that incentive.
Successful water management, conservation, and contamination prevention is a key factor in any plan to improve and keep safe where we live. As a society and as a species, we need good clean water - and continued access to it.
Could we apply the AFVPR concept to minimize aquifer loss?
Could we combine it with the idea that the hydrological water cycle has a leverageable financial spread–the
Hydrological Spread–to resolve the wicked problem of our water use dilemma; …our “water tragedy of the commons“?
Water Float Rights PDF file here.