Unbundling Water Rights, Water Registers and Priority Tiers, pg 14-15

Water Registers

I found the explanation of Water Registers (they’re like land titles, held in a single central location) straightforward enough.  The process seemed like a major effort but as doable as any other part of this proposed undertaking.  I notice that again, increasing commodification of water is asserted as a good outcome of creating water registers.  (‘Banks will like this, now water rights could be mortgaged.’)

Priority Tiers

I am not sure I completely understand the priority tiers.  They relate to the risk of not getting water.  I may understand this better later, but for now, I am assuming that in a good tier, shareholders get allocations in dry years.  In a medium tier, shareholders would get allocations in a normal year. In a bad tier, shareholders would only get water in very wet years.  I’ll go with that until something I read later doesn’t make sense.

This reminds me of bond ratings and tranches, which reminds me of The Subprime Primer.  The Subprime Primer is so great.  My friend and I read it aloud as a play once.  Then my friend moved to Finland.

Advertisements

Comments Off on Unbundling Water Rights, Water Registers and Priority Tiers, pg 14-15

Filed under Uncategorized

Comments are closed.