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Water trading is a voluntary exchange or transfer of a quantifiable water allocation between a willing buyer and seller. In a water trading market, the seller holds a water right or entitlement that is surplus to its current water demand, and the buyer faces a water deficit and is willing to pay to meet its water demand.
Private water companies enable communities to gain access to needed capital for infrastructure investment. [16] [17] [18] Each year, private water companies invest billions of dollars to improve water systems, conduct research, and develop new technologies. [19] [20] A water system run by the private sector can be more efficient and cost effective.
The German water sector has always been dominated by municipally owned utilities. Despite this, the water system of Berlin was partially privatized in 1999 for fiscal reasons. [19] In the United States, 60% of piped water systems were privately owned in 1850. However, this share declined to 30% in 1924. [20]
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Almost half of El Paso Water customers surveyed in 2023 used bottled water as their primary source of drinking water, a slight increase from 2021. One aim: Promote 50-year water plan
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