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The Indicator from Planet Money

How Colorado towns are trying to get some water certainty

The Indicator from Planet Money

NPR

Business

4.79.5K Ratings

🗓️ 6 May 2024

⏱️ 12 minutes

🧾️ Download transcript

Summary

In Western Colorado, towns and farms are banding together to pay a hundred million dollars for water they don't intend to use. Today on the show, how scarcity, climate change and a first-dibs system of water management is forcing towns, farms and rural residents to get spendy.

Related episodes:
A watershed moment in the West? (Apple / Spotify)
The Amazon, the Colorado River and a price on nature
Water in the West: Bankrupt?

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Transcript

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0:00.0

NPR. Hey Darien, I've got a question for you. How much do you pay for water?

0:17.0

Well, hi there, Alex Hager, Colorado River Reporter for K-U-N-C-N-C-N-C-N-C-N-C-N-C-C-N-C-O-Rado?

0:22.0

Well, the answer to that question is... for K-U-N-C-N-C-N-C-N-C-O-R-O-T-E-T-E-T-E-N-C-N-C-C-N-C-N-C-O-Ror-O-R-T-E-T-E-T-E-T-E-T-C-O-T-E-C-C-O-S-C-C-O-O-O-O-O-O-O-O-O-O-O-O I don't know $200 a year. All right, well, how much would you pay for millions of glasses of water, like a whole river full of water?

0:39.0

A river full of water?

0:40.0

I mean, it sounds like a management consultant interview question, but I don't know let's

0:44.8

let's multiply my bill by a million, a couple of hundred million.

0:49.7

Yeah, it would get expensive and we have proof of how it is getting expensive.

0:54.4

What if I told you that right now there is a group in Colorado spending a hundred million dollars on access to water from the Colorado River and their plan is to leave it in the river totally untouched.

1:05.8

It's a deal. This is the indicator from Planet Money. I'm Jerry Woods.

1:10.3

And I'm Alex Hager. The Western US has less water to go around every year

1:15.5

thanks to climate change, but it also has more people

1:19.0

turning on their sinks, showers, and sprinklers.

1:22.2

That is forcing cities, farms, and even states to get anxious and

1:26.7

spendy to make sure those taps keep flowing in the future. And for one community

1:31.4

that means paying for the status quo. We'll explain after the break.

1:37.0

Support for this podcast and the following message come from Wise, the app that makes managing your money in different currencies easy.

1:44.9

With Wise, you can send and spend money internationally at the mid-market exchange rate, no guesswork,

1:51.6

and no hidden fees.

1:52.8

Learn more about how Wise could work for you at wise.com.

1:57.0

What does it mean to be Black in America?

2:02.0

An NPR's Black Stories, black truths, a

2:04.2

collection of stories as very nuanced and dynamic as black experiences. You'll

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