Arizona and the six other Colorado River Basin states are trying to figure out a plan to conserve more of the river’s dwindling water supplies. At the same time, there are efforts to find more sources of water—including the possibility of building a desalination plant on the Sea of Cortez in Mexico.
But what if water were to be priced based on the market? PERC Senior Fellow Bryan Leonard joins Mark Brodie of KJZZ public radio to explore water markets as a more cost-effective solution to deal with the region’s ongoing drought.
