Water scarcity, especially out West, is not just an issue in this country. It’s a dramatically growing global problem. According to the Bloomberg Green business publication, “2 billion people now live in nations plagued by water problems, and almost two-thirds of the world could face water shortages in just four years,” Tim McCourt, global head of equity index and alternative investment products at CME, said in an interview. “The idea of managing risks associated to water is certainly increased in importance.”
This only occasionally rises to be visible in Minnesota where we think we have abundant water. Water over-abundance and scarcity will be the number one legacy of climate change. Drought, flooding, and rising sea levels will cause massive economic disruption and migrations.