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.
ODS
Hug MarchProfessor in the Economic and Business Studies at Universitat Oberta de Catalunya (UOC). He is part of the Global Change and Urban Transformation Laboratory (TURBA) at the Internet Interdisciplinary Institute (IN3). He teaches sustainability-related subjects in different degrees and masters. His research revolves around political ecology, from water management to broader sustainability issues, with a special focus on the urban and metropolitan dimension in a climate emergency context.
