Liquid Assets -Rain, rivers, coasts, and seas- Priceless and Undervalued

Mostly Economics

Esha Zaveri of Stanford University in this CASI article-

Rain, rivers, coasts, and seas have shaped our societies from the earliest days. Tales from classical antiquity to the Abrahamic religions to ancient Mesopotamia speak of how water changed the course of history. In India, the “crucible of the monsoon,” the annual drama of the moisture-carrying winds that bring 80 percent of the country’s rainfall between June and September, has long shaped everything from childhood to culture to commerce. Some of the first written accounts of managing rainfall variability date back to Kautilya’s ancient treatise Arthashatra, written in the 4th century BCE, which discussed ways to predict and adapt to monsoon rains. While rainfall variability is not a new phenomenon, what is new is the intensity of change as a consequence of climate change.

It is often said that if climate change is the shark, water is its teeth. Climate change is…

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