The financialization of the water sector
In the past four decades, the centre of economic power has moved from industry to finance. Against this backdrop, the financialization of the water industry has made the hydrosocial cycle more complex, witnessing the emergence of new financial logics and financing instruments. This change has thoroughly transformed the relation between infrastructures and water companies, citizens, other water users and the environment. In this article, and based on previous work, I present a summary that debates around the financialization of the water cycle, through the example of the provision and development of financialized water infrastructures in London.
Hug MarchProfessor of Economics and Business Studies at the Universitat Oberta de Catalunya (UOC). He teaches subjects related to sustainability in different bachelor's and master's degrees. He is also a researcher at the Urban Transformation and Global Change Laboratory (TURBA) of the Internet Interdisciplinary Institute, UOC. His research revolves around political ecology, from water management to broader sustainability issues, with a special focus on the urban and metropolitan dimension.
