The most interesting idea to emerge from a session this morning was the suggestion that market forces – specifically a market price for water – should be used to help prioritise use and drive conservation.
Nestle Chief Executive Peter Brabeck said such a move would cause a major rethink of production processes. In particular, production of biofuels — turning crops into energy — would not be viable if producers had to pay the true price of the water they use.
”There is a need for there to be a price associated with water, ” he told a panel at the World Economic Forum annual meeting.
”It takes 9,000 litres of water to produce one litre of biodiesel. This strategy, which is not the right one, is backed by all major governments.”