While the new water futures markets may help manage the financial risk of droughts, the more important work ahead is to strengthen the state’s actual water market.
In April, the governor issued an executive order that barred water shutoffs for customers who don’t pay their water bills. State leaders are looking for ways to bail out struggling residents and smaller water systems alike, both buckling under $1 billion in water debt statewide.
Good morning, California. It’s Tuesday, January 26. Data remains murky Monday was a day of coronavirus whiplash for many Californians as state health officials abruptly lifted the regional stay-at-home order and Gov. Gavin Newsom announced a major shift in the state’s vaccine plan. All but four counties are now in the purple tier of California’s […]