A national platform for water trading is in urgent need. Image: iraqenergy
China's regional water trading programs have been practised in seven provincial areas in the north and northwest. With a foreseeable future of severe water shortage, a national platform for water trading is however in urgent need.
The China Water Exchange commenced on June 28, allowing water trading between different areas and users nationwide. Meanwhile, it will also provide consultation, technical evaluation and intermediary services.
It's part of a stepped-up effort by the authorities to encourage water conservation nationwide.
According to the Ministry of Water Resources, the transfer of water rights will be conducted in three forms including administrative areas, users of specific water source and irrigation water (rights).
The launch of the Water Exchange is aimed at reallocation water resources and usage, as well as enhancing the conservation efforts,