Droughts are making water, Earth’s most vital liquid, an increasingly solid investment
It’s been almost nine months since Wall Street turned on the taps — with the launch of the Nasdaq Veles California Water Index on December 7th, 2020, investors have been able to bet on the price movement of water. The real-world droughts that followed have made for an oasis of opportunity. … As droughts and wildfires hammered the U.S. West Coast, California declared a state of emergency in April, and last month asked residents to cut their water use by 15%. As of July 31, California’s major reservoirs held just 53% of their historical averages.