Today I Learned
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"Beginning in the last decade of the 18th century, firewood output
increased from about 18% of GDP to just under 30% of GDP in the 1830s."
Source.
Friday, August 1, 2008
The Economics of H2O
The ancient mariner's rhyme " Water, water, everywhere,Nor any drop to drink." is well on its way to becoming a fact. With fresh water supplies diminishing and demand growing at an accelerating rate the economics of the good ol' water seems to have assumed more importance than ever. Here is an interesting article by Mark Clayton on the issue : Is water becoming ‘the new oil’?
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