Trading water futures like oil or gold is expected to leave the market vulnerable to a speculative bubble, according to Pedro Arrojo-Agudo, the UN’s Special Rapporteur on the human rights to safe drinking water and sanitation.
“The news that water is to be traded on Wall Street futures market shows that the value of water, as a basic human right, is now under threat. It is closely tied to all of our lives and livelihoods, and is an essential component to public health,” the top official said in a statement.
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