With water scarcity increasing around the globe, arid regions are striving to develop more flexible and diversified water supplies. For example, California’s 2020 Water Resilience Portfolio Initiative recommends improving and expanding the state’s conveyance and storage infrastructure as well as developing groundwater banking and other means of more flexibly sharing water. The success of such initiatives depends in large part upon the ability of water providers to collaboratively finance and build new infrastructure.
Partnerships between water utilities, irrigation districts and other stakeholders in California will play a critical role in funding new infrastructure under the Water Resilience Portfolio Initiative announced in 2020 by Gov. Gavin Newsom, but a new study warns that benefits might not be evenly distributed without proper structure to the agreements.
California’s initiative is a multi-billion dollar effort that encourages different water utilities and irrigation districts to work together to build shared infrastructure to ameliorate the effects of droughts, but a number of questions remain regarding how best to structure these agreements.