Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]Code Context
trigger_error($message, E_USER_DEPRECATED);
}
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/water-is-not-a-commodity-and-financial-asset-to-be-exploited-says-un-human-rights-expert/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/water-is-not-a-commodity-and-financial-asset-to-be-exploited-says-un-human-rights-expert/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73 Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51 Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]Code Context
trigger_error($message, E_USER_DEPRECATED);
}
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/water-is-not-a-commodity-and-financial-asset-to-be-exploited-says-un-human-rights-expert/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/water-is-not-a-commodity-and-financial-asset-to-be-exploited-says-un-human-rights-expert/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74 Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51 Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]Code Contextif (Configure::read('debug')) {
trigger_error($message, E_USER_WARNING);
} else {
$response = object(Cake\Http\Response) { 'status' => (int) 200, 'contentType' => 'text/html', 'headers' => [ 'Content-Type' => [ [maximum depth reached] ] ], 'file' => null, 'fileRange' => [], 'cookies' => object(Cake\Http\Cookie\CookieCollection) {}, 'cacheDirectives' => [], 'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67efa319a2eb5-trace').style.display = (document.getElementById('cakeErr67efa319a2eb5-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67efa319a2eb5-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67efa319a2eb5-code').style.display = (document.getElementById('cakeErr67efa319a2eb5-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67efa319a2eb5-context').style.display = (document.getElementById('cakeErr67efa319a2eb5-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67efa319a2eb5-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr67efa319a2eb5-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 61067, 'title' => 'Water is not a commodity and financial asset to be exploited, says UN human rights expert', 'subheading' => null, 'description' => '<p style="text-align:justify">--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021</p> <p style="text-align:justify"><em>GENEVA (20 October 2021) </em>&ndash; Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights expert told the UN General Assembly today, undermining the human rights to safe drinking water and sanitation and the sustainability of the environment.</p> <p style="text-align:justify">Pedro Arrojo Agudo, the Special Rapporteur on the human rights to safe drinking water and sanitation, said in a report that trading of water use rights in markets has eroded the notion of water as a common good and the State as a guarantor of the general interest.</p> <p style="text-align:justify">The UN expert also pointed out that water trading tends to treat the environment as just another user, and not as the basis of life, forcing States to purchase flows for environmental needs, and failing to address the roots of unsustainability.</p> <p style="text-align:justify">&ldquo;I call on States to re-think the usefulness of water trading as a tool for managing scarcity, and to consult the public to determine whether water trading markets should be abolished or more strictly regulated,&rdquo; Arrojo Agudo said.</p> <p style="text-align:justify">On the other hand, the recent entry of water as a commodity derivative on Wall Street futures markets aggravates the situation by subjecting water to the forces of financial speculation and to risks of speculative bubbles, not taking into account the demands of human rights and the sustainability of ecosystems, he said.</p> <p style="text-align:justify">&ldquo;States should urgently take legal measures to prevent water from being subject to financial speculation in futures markets, potentially causing far-reaching consequences similar to those of the food and housing bubbles,&rdquo; the expert said.</p> <p style="text-align:justify">Rather than implementing water trading markets and allowing the trading of water on futures markets, States should manage water as a public good, ensure sustainable management, and develop participatory climate change adaptation plans (as recommended by experts and the UN), in order to guarantee the human rights to safe drinking water and sanitation, he said.</p> <p style="text-align:justify">&quot;The harsh experience of the pandemic reminded us that water and sanitation are the cornerstone of public health. It is essential that States, the World Bank and the International Community understand that we are facing a democratic global challenge,&rdquo; the UN expert said. &ldquo;This challenge requires a public investment effort, not for profit, that guarantees leaving no one behind, drawing on the funds made available to implement the Green New Deal of the 21st century.&quot;</p> <p style="text-align:justify">A simplified version of the report is also available in&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf">English</a>,&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf">French</a>&nbsp;and&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf">Spanish</a>.</p> <p style="text-align:justify">Yesterday, a group of human rights experts issued a joint statement on the threat that financial speculation poses to the enjoyment of a range of human rights.</p> <p style="text-align:justify">Please <a href="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&amp;LangID=E">click here</a> to access the source.</p> <p style="text-align:justify">Kindly click <a href="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf">here</a> and <a href="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf">here</a> to access the report&nbsp;titled <u><strong>Risks and impacts of the commodification and financialization of water on the human rights to safe drinking water and sanitation</strong></u>.</p> <p style="text-align:justify"><strong>ENDS&nbsp;</strong></p> <p style="text-align:justify"><em>Mr. Pedro Arrojo Agudo (Spain) is the Special Rapporteur on the human rights to safe drinking water and sanitation, appointed in September 2020. He is Emeritus Professor of Economic Analysis at the University of Zaragoza and previously, served as an elected member of the Spanish Parliament during its eleventh and twelfth legislature from 2016 to 2019.&nbsp;</em></p> <p style="text-align:justify"><em>The Special Rapporteurs, Independent Experts and Working Groups are part of what is known as the Special Procedures of the Human Rights Council. Special Procedures, the largest body of independent experts in the UN Human Rights system, is the general name of the Council&rsquo;s independent fact-finding and monitoring mechanisms that address either specific country situations or thematic issues in all parts of the world. Special Procedures&rsquo; experts work on a voluntary basis; they are not UN staff and do not receive a salary for their work. They are independent from any government or organization and serve in their individual capacity.</em></p> <p style="text-align:justify"><em>For more information and media requests, please contact Ms Ahreum Lee (<a href="http://ahreum.lee@un.org">ahreum.lee@un.org</a>).&nbsp;</em></p> <p style="text-align:justify"><em>For media enquiries regarding other UN independent experts, please contact: In New York, contact Nenad Vasic (vasic@un.org, +1 917 941 7558). In Geneva: Renato de Souza (+41 22 928 9855 / <a href="http://rrosariodesouza@ohchr.org">rrosariodesouza@ohchr.org</a>).</em></p> <p style="text-align:justify"><em>Follow news related to the UN&rsquo;s independent human rights experts on Twitter @UN_SPExperts.&nbsp;</em></p> <p style="text-align:justify"><em>Concerned about the world we live in?</em></p> <p style="text-align:justify"><em>Then STAND UP for someone&rsquo;s rights today.<br /> #Standup4humanrights and visit the web page at</em></p> <p style="text-align:justify"><a href="http://www.standup4humanrights.org">http://www.standup4humanrights.org</a></p> <p style="text-align:justify">&nbsp;</p> ', 'credit_writer' => 'Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021, https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&LangID=E', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'water-is-not-a-commodity-and-financial-asset-to-be-exploited-says-un-human-rights-expert', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 61067, 'metaTitle' => 'LATEST NEWS UPDATES | Water is not a commodity and financial asset to be exploited, says UN human rights expert', 'metaKeywords' => 'Drinking Water,Sanitation,Futures Markets,Commodity Futures,Futures Market,water trading markets,Commodification,Financialization,Safe drinking water', 'metaDesc' => '--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021 GENEVA (20 October 2021) &ndash; Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights...', 'disp' => '<p style="text-align:justify">--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021</p><p style="text-align:justify"><em>GENEVA (20 October 2021) </em>&ndash; Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights expert told the UN General Assembly today, undermining the human rights to safe drinking water and sanitation and the sustainability of the environment.</p><p style="text-align:justify">Pedro Arrojo Agudo, the Special Rapporteur on the human rights to safe drinking water and sanitation, said in a report that trading of water use rights in markets has eroded the notion of water as a common good and the State as a guarantor of the general interest.</p><p style="text-align:justify">The UN expert also pointed out that water trading tends to treat the environment as just another user, and not as the basis of life, forcing States to purchase flows for environmental needs, and failing to address the roots of unsustainability.</p><p style="text-align:justify">&ldquo;I call on States to re-think the usefulness of water trading as a tool for managing scarcity, and to consult the public to determine whether water trading markets should be abolished or more strictly regulated,&rdquo; Arrojo Agudo said.</p><p style="text-align:justify">On the other hand, the recent entry of water as a commodity derivative on Wall Street futures markets aggravates the situation by subjecting water to the forces of financial speculation and to risks of speculative bubbles, not taking into account the demands of human rights and the sustainability of ecosystems, he said.</p><p style="text-align:justify">&ldquo;States should urgently take legal measures to prevent water from being subject to financial speculation in futures markets, potentially causing far-reaching consequences similar to those of the food and housing bubbles,&rdquo; the expert said.</p><p style="text-align:justify">Rather than implementing water trading markets and allowing the trading of water on futures markets, States should manage water as a public good, ensure sustainable management, and develop participatory climate change adaptation plans (as recommended by experts and the UN), in order to guarantee the human rights to safe drinking water and sanitation, he said.</p><p style="text-align:justify">&quot;The harsh experience of the pandemic reminded us that water and sanitation are the cornerstone of public health. It is essential that States, the World Bank and the International Community understand that we are facing a democratic global challenge,&rdquo; the UN expert said. &ldquo;This challenge requires a public investment effort, not for profit, that guarantees leaving no one behind, drawing on the funds made available to implement the Green New Deal of the 21st century.&quot;</p><p style="text-align:justify">A simplified version of the report is also available in&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf">English</a>,&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf">French</a>&nbsp;and&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf">Spanish</a>.</p><p style="text-align:justify">Yesterday, a group of human rights experts issued a joint statement on the threat that financial speculation poses to the enjoyment of a range of human rights.</p><p style="text-align:justify">Please <a href="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&amp;LangID=E" title="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&amp;LangID=E">click here</a> to access the source.</p><p style="text-align:justify">Kindly click <a href="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf" title="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf">here</a> and <a href="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf" title="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf">here</a> to access the report&nbsp;titled <u><strong>Risks and impacts of the commodification and financialization of water on the human rights to safe drinking water and sanitation</strong></u>.</p><p style="text-align:justify"><strong>ENDS&nbsp;</strong></p><p style="text-align:justify"><em>Mr. Pedro Arrojo Agudo (Spain) is the Special Rapporteur on the human rights to safe drinking water and sanitation, appointed in September 2020. He is Emeritus Professor of Economic Analysis at the University of Zaragoza and previously, served as an elected member of the Spanish Parliament during its eleventh and twelfth legislature from 2016 to 2019.&nbsp;</em></p><p style="text-align:justify"><em>The Special Rapporteurs, Independent Experts and Working Groups are part of what is known as the Special Procedures of the Human Rights Council. Special Procedures, the largest body of independent experts in the UN Human Rights system, is the general name of the Council&rsquo;s independent fact-finding and monitoring mechanisms that address either specific country situations or thematic issues in all parts of the world. Special Procedures&rsquo; experts work on a voluntary basis; they are not UN staff and do not receive a salary for their work. They are independent from any government or organization and serve in their individual capacity.</em></p><p style="text-align:justify"><em>For more information and media requests, please contact Ms Ahreum Lee (<a href="http://ahreum.lee@un.org" title="http://ahreum.lee@un.org">ahreum.lee@un.org</a>).&nbsp;</em></p><p style="text-align:justify"><em>For media enquiries regarding other UN independent experts, please contact: In New York, contact Nenad Vasic (vasic@un.org, +1 917 941 7558). In Geneva: Renato de Souza (+41 22 928 9855 / <a href="http://rrosariodesouza@ohchr.org" title="http://rrosariodesouza@ohchr.org">rrosariodesouza@ohchr.org</a>).</em></p><p style="text-align:justify"><em>Follow news related to the UN&rsquo;s independent human rights experts on Twitter @UN_SPExperts.&nbsp;</em></p><p style="text-align:justify"><em>Concerned about the world we live in?</em></p><p style="text-align:justify"><em>Then STAND UP for someone&rsquo;s rights today.<br />#Standup4humanrights and visit the web page at</em></p><p style="text-align:justify"><a href="http://www.standup4humanrights.org" title="http://www.standup4humanrights.org">http://www.standup4humanrights.org</a></p><p style="text-align:justify">&nbsp;</p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 61067, 'title' => 'Water is not a commodity and financial asset to be exploited, says UN human rights expert', 'subheading' => null, 'description' => '<p style="text-align:justify">--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021</p> <p style="text-align:justify"><em>GENEVA (20 October 2021) </em>&ndash; Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights expert told the UN General Assembly today, undermining the human rights to safe drinking water and sanitation and the sustainability of the environment.</p> <p style="text-align:justify">Pedro Arrojo Agudo, the Special Rapporteur on the human rights to safe drinking water and sanitation, said in a report that trading of water use rights in markets has eroded the notion of water as a common good and the State as a guarantor of the general interest.</p> <p style="text-align:justify">The UN expert also pointed out that water trading tends to treat the environment as just another user, and not as the basis of life, forcing States to purchase flows for environmental needs, and failing to address the roots of unsustainability.</p> <p style="text-align:justify">&ldquo;I call on States to re-think the usefulness of water trading as a tool for managing scarcity, and to consult the public to determine whether water trading markets should be abolished or more strictly regulated,&rdquo; Arrojo Agudo said.</p> <p style="text-align:justify">On the other hand, the recent entry of water as a commodity derivative on Wall Street futures markets aggravates the situation by subjecting water to the forces of financial speculation and to risks of speculative bubbles, not taking into account the demands of human rights and the sustainability of ecosystems, he said.</p> <p style="text-align:justify">&ldquo;States should urgently take legal measures to prevent water from being subject to financial speculation in futures markets, potentially causing far-reaching consequences similar to those of the food and housing bubbles,&rdquo; the expert said.</p> <p style="text-align:justify">Rather than implementing water trading markets and allowing the trading of water on futures markets, States should manage water as a public good, ensure sustainable management, and develop participatory climate change adaptation plans (as recommended by experts and the UN), in order to guarantee the human rights to safe drinking water and sanitation, he said.</p> <p style="text-align:justify">&quot;The harsh experience of the pandemic reminded us that water and sanitation are the cornerstone of public health. It is essential that States, the World Bank and the International Community understand that we are facing a democratic global challenge,&rdquo; the UN expert said. &ldquo;This challenge requires a public investment effort, not for profit, that guarantees leaving no one behind, drawing on the funds made available to implement the Green New Deal of the 21st century.&quot;</p> <p style="text-align:justify">A simplified version of the report is also available in&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf">English</a>,&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf">French</a>&nbsp;and&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf">Spanish</a>.</p> <p style="text-align:justify">Yesterday, a group of human rights experts issued a joint statement on the threat that financial speculation poses to the enjoyment of a range of human rights.</p> <p style="text-align:justify">Please <a href="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&amp;LangID=E">click here</a> to access the source.</p> <p style="text-align:justify">Kindly click <a href="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf">here</a> and <a href="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf">here</a> to access the report&nbsp;titled <u><strong>Risks and impacts of the commodification and financialization of water on the human rights to safe drinking water and sanitation</strong></u>.</p> <p style="text-align:justify"><strong>ENDS&nbsp;</strong></p> <p style="text-align:justify"><em>Mr. Pedro Arrojo Agudo (Spain) is the Special Rapporteur on the human rights to safe drinking water and sanitation, appointed in September 2020. He is Emeritus Professor of Economic Analysis at the University of Zaragoza and previously, served as an elected member of the Spanish Parliament during its eleventh and twelfth legislature from 2016 to 2019.&nbsp;</em></p> <p style="text-align:justify"><em>The Special Rapporteurs, Independent Experts and Working Groups are part of what is known as the Special Procedures of the Human Rights Council. Special Procedures, the largest body of independent experts in the UN Human Rights system, is the general name of the Council&rsquo;s independent fact-finding and monitoring mechanisms that address either specific country situations or thematic issues in all parts of the world. Special Procedures&rsquo; experts work on a voluntary basis; they are not UN staff and do not receive a salary for their work. They are independent from any government or organization and serve in their individual capacity.</em></p> <p style="text-align:justify"><em>For more information and media requests, please contact Ms Ahreum Lee (<a href="http://ahreum.lee@un.org">ahreum.lee@un.org</a>).&nbsp;</em></p> <p style="text-align:justify"><em>For media enquiries regarding other UN independent experts, please contact: In New York, contact Nenad Vasic (vasic@un.org, +1 917 941 7558). In Geneva: Renato de Souza (+41 22 928 9855 / <a href="http://rrosariodesouza@ohchr.org">rrosariodesouza@ohchr.org</a>).</em></p> <p style="text-align:justify"><em>Follow news related to the UN&rsquo;s independent human rights experts on Twitter @UN_SPExperts.&nbsp;</em></p> <p style="text-align:justify"><em>Concerned about the world we live in?</em></p> <p style="text-align:justify"><em>Then STAND UP for someone&rsquo;s rights today.<br /> #Standup4humanrights and visit the web page at</em></p> <p style="text-align:justify"><a href="http://www.standup4humanrights.org">http://www.standup4humanrights.org</a></p> <p style="text-align:justify">&nbsp;</p> ', 'credit_writer' => 'Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021, https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&LangID=E', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'water-is-not-a-commodity-and-financial-asset-to-be-exploited-says-un-human-rights-expert', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {}, (int) 5 => object(Cake\ORM\Entity) {}, (int) 6 => object(Cake\ORM\Entity) {}, (int) 7 => object(Cake\ORM\Entity) {}, (int) 8 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 61067 $metaTitle = 'LATEST NEWS UPDATES | Water is not a commodity and financial asset to be exploited, says UN human rights expert' $metaKeywords = 'Drinking Water,Sanitation,Futures Markets,Commodity Futures,Futures Market,water trading markets,Commodification,Financialization,Safe drinking water' $metaDesc = '--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021 GENEVA (20 October 2021) &ndash; Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights...' $disp = '<p style="text-align:justify">--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021</p><p style="text-align:justify"><em>GENEVA (20 October 2021) </em>&ndash; Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights expert told the UN General Assembly today, undermining the human rights to safe drinking water and sanitation and the sustainability of the environment.</p><p style="text-align:justify">Pedro Arrojo Agudo, the Special Rapporteur on the human rights to safe drinking water and sanitation, said in a report that trading of water use rights in markets has eroded the notion of water as a common good and the State as a guarantor of the general interest.</p><p style="text-align:justify">The UN expert also pointed out that water trading tends to treat the environment as just another user, and not as the basis of life, forcing States to purchase flows for environmental needs, and failing to address the roots of unsustainability.</p><p style="text-align:justify">&ldquo;I call on States to re-think the usefulness of water trading as a tool for managing scarcity, and to consult the public to determine whether water trading markets should be abolished or more strictly regulated,&rdquo; Arrojo Agudo said.</p><p style="text-align:justify">On the other hand, the recent entry of water as a commodity derivative on Wall Street futures markets aggravates the situation by subjecting water to the forces of financial speculation and to risks of speculative bubbles, not taking into account the demands of human rights and the sustainability of ecosystems, he said.</p><p style="text-align:justify">&ldquo;States should urgently take legal measures to prevent water from being subject to financial speculation in futures markets, potentially causing far-reaching consequences similar to those of the food and housing bubbles,&rdquo; the expert said.</p><p style="text-align:justify">Rather than implementing water trading markets and allowing the trading of water on futures markets, States should manage water as a public good, ensure sustainable management, and develop participatory climate change adaptation plans (as recommended by experts and the UN), in order to guarantee the human rights to safe drinking water and sanitation, he said.</p><p style="text-align:justify">&quot;The harsh experience of the pandemic reminded us that water and sanitation are the cornerstone of public health. It is essential that States, the World Bank and the International Community understand that we are facing a democratic global challenge,&rdquo; the UN expert said. &ldquo;This challenge requires a public investment effort, not for profit, that guarantees leaving no one behind, drawing on the funds made available to implement the Green New Deal of the 21st century.&quot;</p><p style="text-align:justify">A simplified version of the report is also available in&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf">English</a>,&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf">French</a>&nbsp;and&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf">Spanish</a>.</p><p style="text-align:justify">Yesterday, a group of human rights experts issued a joint statement on the threat that financial speculation poses to the enjoyment of a range of human rights.</p><p style="text-align:justify">Please <a href="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&amp;LangID=E" title="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&amp;LangID=E">click here</a> to access the source.</p><p style="text-align:justify">Kindly click <a href="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf" title="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf">here</a> and <a href="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf" title="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf">here</a> to access the report&nbsp;titled <u><strong>Risks and impacts of the commodification and financialization of water on the human rights to safe drinking water and sanitation</strong></u>.</p><p style="text-align:justify"><strong>ENDS&nbsp;</strong></p><p style="text-align:justify"><em>Mr. Pedro Arrojo Agudo (Spain) is the Special Rapporteur on the human rights to safe drinking water and sanitation, appointed in September 2020. He is Emeritus Professor of Economic Analysis at the University of Zaragoza and previously, served as an elected member of the Spanish Parliament during its eleventh and twelfth legislature from 2016 to 2019.&nbsp;</em></p><p style="text-align:justify"><em>The Special Rapporteurs, Independent Experts and Working Groups are part of what is known as the Special Procedures of the Human Rights Council. Special Procedures, the largest body of independent experts in the UN Human Rights system, is the general name of the Council&rsquo;s independent fact-finding and monitoring mechanisms that address either specific country situations or thematic issues in all parts of the world. Special Procedures&rsquo; experts work on a voluntary basis; they are not UN staff and do not receive a salary for their work. They are independent from any government or organization and serve in their individual capacity.</em></p><p style="text-align:justify"><em>For more information and media requests, please contact Ms Ahreum Lee (<a href="http://ahreum.lee@un.org" title="http://ahreum.lee@un.org">ahreum.lee@un.org</a>).&nbsp;</em></p><p style="text-align:justify"><em>For media enquiries regarding other UN independent experts, please contact: In New York, contact Nenad Vasic (vasic@un.org, +1 917 941 7558). In Geneva: Renato de Souza (+41 22 928 9855 / <a href="http://rrosariodesouza@ohchr.org" title="http://rrosariodesouza@ohchr.org">rrosariodesouza@ohchr.org</a>).</em></p><p style="text-align:justify"><em>Follow news related to the UN&rsquo;s independent human rights experts on Twitter @UN_SPExperts.&nbsp;</em></p><p style="text-align:justify"><em>Concerned about the world we live in?</em></p><p style="text-align:justify"><em>Then STAND UP for someone&rsquo;s rights today.<br />#Standup4humanrights and visit the web page at</em></p><p style="text-align:justify"><a href="http://www.standup4humanrights.org" title="http://www.standup4humanrights.org">http://www.standup4humanrights.org</a></p><p style="text-align:justify">&nbsp;</p>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/water-is-not-a-commodity-and-financial-asset-to-be-exploited-says-un-human-rights-expert.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Water is not a commodity and financial asset to be exploited, says UN human rights expert | Im4change.org</title> <meta name="description" content="--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021 GENEVA (20 October 2021) – Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Water is not a commodity and financial asset to be exploited, says UN human rights expert</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <p style="text-align:justify">--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021</p><p style="text-align:justify"><em>GENEVA (20 October 2021) </em>– Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights expert told the UN General Assembly today, undermining the human rights to safe drinking water and sanitation and the sustainability of the environment.</p><p style="text-align:justify">Pedro Arrojo Agudo, the Special Rapporteur on the human rights to safe drinking water and sanitation, said in a report that trading of water use rights in markets has eroded the notion of water as a common good and the State as a guarantor of the general interest.</p><p style="text-align:justify">The UN expert also pointed out that water trading tends to treat the environment as just another user, and not as the basis of life, forcing States to purchase flows for environmental needs, and failing to address the roots of unsustainability.</p><p style="text-align:justify">“I call on States to re-think the usefulness of water trading as a tool for managing scarcity, and to consult the public to determine whether water trading markets should be abolished or more strictly regulated,” Arrojo Agudo said.</p><p style="text-align:justify">On the other hand, the recent entry of water as a commodity derivative on Wall Street futures markets aggravates the situation by subjecting water to the forces of financial speculation and to risks of speculative bubbles, not taking into account the demands of human rights and the sustainability of ecosystems, he said.</p><p style="text-align:justify">“States should urgently take legal measures to prevent water from being subject to financial speculation in futures markets, potentially causing far-reaching consequences similar to those of the food and housing bubbles,” the expert said.</p><p style="text-align:justify">Rather than implementing water trading markets and allowing the trading of water on futures markets, States should manage water as a public good, ensure sustainable management, and develop participatory climate change adaptation plans (as recommended by experts and the UN), in order to guarantee the human rights to safe drinking water and sanitation, he said.</p><p style="text-align:justify">"The harsh experience of the pandemic reminded us that water and sanitation are the cornerstone of public health. It is essential that States, the World Bank and the International Community understand that we are facing a democratic global challenge,” the UN expert said. “This challenge requires a public investment effort, not for profit, that guarantees leaving no one behind, drawing on the funds made available to implement the Green New Deal of the 21st century."</p><p style="text-align:justify">A simplified version of the report is also available in <a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf">English</a>, <a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf">French</a> and <a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf">Spanish</a>.</p><p style="text-align:justify">Yesterday, a group of human rights experts issued a joint statement on the threat that financial speculation poses to the enjoyment of a range of human rights.</p><p style="text-align:justify">Please <a href="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&LangID=E" title="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&LangID=E">click here</a> to access the source.</p><p style="text-align:justify">Kindly click <a href="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf" title="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf">here</a> and <a href="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf" title="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf">here</a> to access the report titled <u><strong>Risks and impacts of the commodification and financialization of water on the human rights to safe drinking water and sanitation</strong></u>.</p><p style="text-align:justify"><strong>ENDS </strong></p><p style="text-align:justify"><em>Mr. Pedro Arrojo Agudo (Spain) is the Special Rapporteur on the human rights to safe drinking water and sanitation, appointed in September 2020. He is Emeritus Professor of Economic Analysis at the University of Zaragoza and previously, served as an elected member of the Spanish Parliament during its eleventh and twelfth legislature from 2016 to 2019. </em></p><p style="text-align:justify"><em>The Special Rapporteurs, Independent Experts and Working Groups are part of what is known as the Special Procedures of the Human Rights Council. Special Procedures, the largest body of independent experts in the UN Human Rights system, is the general name of the Council’s independent fact-finding and monitoring mechanisms that address either specific country situations or thematic issues in all parts of the world. Special Procedures’ experts work on a voluntary basis; they are not UN staff and do not receive a salary for their work. They are independent from any government or organization and serve in their individual capacity.</em></p><p style="text-align:justify"><em>For more information and media requests, please contact Ms Ahreum Lee (<a href="http://ahreum.lee@un.org" title="http://ahreum.lee@un.org">ahreum.lee@un.org</a>). </em></p><p style="text-align:justify"><em>For media enquiries regarding other UN independent experts, please contact: In New York, contact Nenad Vasic (vasic@un.org, +1 917 941 7558). In Geneva: Renato de Souza (+41 22 928 9855 / <a href="http://rrosariodesouza@ohchr.org" title="http://rrosariodesouza@ohchr.org">rrosariodesouza@ohchr.org</a>).</em></p><p style="text-align:justify"><em>Follow news related to the UN’s independent human rights experts on Twitter @UN_SPExperts. </em></p><p style="text-align:justify"><em>Concerned about the world we live in?</em></p><p style="text-align:justify"><em>Then STAND UP for someone’s rights today.<br />#Standup4humanrights and visit the web page at</em></p><p style="text-align:justify"><a href="http://www.standup4humanrights.org" title="http://www.standup4humanrights.org">http://www.standup4humanrights.org</a></p><p style="text-align:justify"> </p> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $maxBufferLength = (int) 8192 $file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php' $line = (int) 853 $message = 'Unable to emit headers. 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'' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67efa319a2eb5-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67efa319a2eb5-code').style.display = (document.getElementById('cakeErr67efa319a2eb5-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67efa319a2eb5-context').style.display = (document.getElementById('cakeErr67efa319a2eb5-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67efa319a2eb5-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr67efa319a2eb5-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 61067, 'title' => 'Water is not a commodity and financial asset to be exploited, says UN human rights expert', 'subheading' => null, 'description' => '<p style="text-align:justify">--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021</p> <p style="text-align:justify"><em>GENEVA (20 October 2021) </em>&ndash; Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights expert told the UN General Assembly today, undermining the human rights to safe drinking water and sanitation and the sustainability of the environment.</p> <p style="text-align:justify">Pedro Arrojo Agudo, the Special Rapporteur on the human rights to safe drinking water and sanitation, said in a report that trading of water use rights in markets has eroded the notion of water as a common good and the State as a guarantor of the general interest.</p> <p style="text-align:justify">The UN expert also pointed out that water trading tends to treat the environment as just another user, and not as the basis of life, forcing States to purchase flows for environmental needs, and failing to address the roots of unsustainability.</p> <p style="text-align:justify">&ldquo;I call on States to re-think the usefulness of water trading as a tool for managing scarcity, and to consult the public to determine whether water trading markets should be abolished or more strictly regulated,&rdquo; Arrojo Agudo said.</p> <p style="text-align:justify">On the other hand, the recent entry of water as a commodity derivative on Wall Street futures markets aggravates the situation by subjecting water to the forces of financial speculation and to risks of speculative bubbles, not taking into account the demands of human rights and the sustainability of ecosystems, he said.</p> <p style="text-align:justify">&ldquo;States should urgently take legal measures to prevent water from being subject to financial speculation in futures markets, potentially causing far-reaching consequences similar to those of the food and housing bubbles,&rdquo; the expert said.</p> <p style="text-align:justify">Rather than implementing water trading markets and allowing the trading of water on futures markets, States should manage water as a public good, ensure sustainable management, and develop participatory climate change adaptation plans (as recommended by experts and the UN), in order to guarantee the human rights to safe drinking water and sanitation, he said.</p> <p style="text-align:justify">&quot;The harsh experience of the pandemic reminded us that water and sanitation are the cornerstone of public health. It is essential that States, the World Bank and the International Community understand that we are facing a democratic global challenge,&rdquo; the UN expert said. &ldquo;This challenge requires a public investment effort, not for profit, that guarantees leaving no one behind, drawing on the funds made available to implement the Green New Deal of the 21st century.&quot;</p> <p style="text-align:justify">A simplified version of the report is also available in&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf">English</a>,&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf">French</a>&nbsp;and&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf">Spanish</a>.</p> <p style="text-align:justify">Yesterday, a group of human rights experts issued a joint statement on the threat that financial speculation poses to the enjoyment of a range of human rights.</p> <p style="text-align:justify">Please <a href="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&amp;LangID=E">click here</a> to access the source.</p> <p style="text-align:justify">Kindly click <a href="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf">here</a> and <a href="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf">here</a> to access the report&nbsp;titled <u><strong>Risks and impacts of the commodification and financialization of water on the human rights to safe drinking water and sanitation</strong></u>.</p> <p style="text-align:justify"><strong>ENDS&nbsp;</strong></p> <p style="text-align:justify"><em>Mr. Pedro Arrojo Agudo (Spain) is the Special Rapporteur on the human rights to safe drinking water and sanitation, appointed in September 2020. He is Emeritus Professor of Economic Analysis at the University of Zaragoza and previously, served as an elected member of the Spanish Parliament during its eleventh and twelfth legislature from 2016 to 2019.&nbsp;</em></p> <p style="text-align:justify"><em>The Special Rapporteurs, Independent Experts and Working Groups are part of what is known as the Special Procedures of the Human Rights Council. Special Procedures, the largest body of independent experts in the UN Human Rights system, is the general name of the Council&rsquo;s independent fact-finding and monitoring mechanisms that address either specific country situations or thematic issues in all parts of the world. Special Procedures&rsquo; experts work on a voluntary basis; they are not UN staff and do not receive a salary for their work. They are independent from any government or organization and serve in their individual capacity.</em></p> <p style="text-align:justify"><em>For more information and media requests, please contact Ms Ahreum Lee (<a href="http://ahreum.lee@un.org">ahreum.lee@un.org</a>).&nbsp;</em></p> <p style="text-align:justify"><em>For media enquiries regarding other UN independent experts, please contact: In New York, contact Nenad Vasic (vasic@un.org, +1 917 941 7558). In Geneva: Renato de Souza (+41 22 928 9855 / <a href="http://rrosariodesouza@ohchr.org">rrosariodesouza@ohchr.org</a>).</em></p> <p style="text-align:justify"><em>Follow news related to the UN&rsquo;s independent human rights experts on Twitter @UN_SPExperts.&nbsp;</em></p> <p style="text-align:justify"><em>Concerned about the world we live in?</em></p> <p style="text-align:justify"><em>Then STAND UP for someone&rsquo;s rights today.<br /> #Standup4humanrights and visit the web page at</em></p> <p style="text-align:justify"><a href="http://www.standup4humanrights.org">http://www.standup4humanrights.org</a></p> <p style="text-align:justify">&nbsp;</p> ', 'credit_writer' => 'Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021, https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&LangID=E', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'water-is-not-a-commodity-and-financial-asset-to-be-exploited-says-un-human-rights-expert', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 61067, 'metaTitle' => 'LATEST NEWS UPDATES | Water is not a commodity and financial asset to be exploited, says UN human rights expert', 'metaKeywords' => 'Drinking Water,Sanitation,Futures Markets,Commodity Futures,Futures Market,water trading markets,Commodification,Financialization,Safe drinking water', 'metaDesc' => '--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021 GENEVA (20 October 2021) &ndash; Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights...', 'disp' => '<p style="text-align:justify">--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021</p><p style="text-align:justify"><em>GENEVA (20 October 2021) </em>&ndash; Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights expert told the UN General Assembly today, undermining the human rights to safe drinking water and sanitation and the sustainability of the environment.</p><p style="text-align:justify">Pedro Arrojo Agudo, the Special Rapporteur on the human rights to safe drinking water and sanitation, said in a report that trading of water use rights in markets has eroded the notion of water as a common good and the State as a guarantor of the general interest.</p><p style="text-align:justify">The UN expert also pointed out that water trading tends to treat the environment as just another user, and not as the basis of life, forcing States to purchase flows for environmental needs, and failing to address the roots of unsustainability.</p><p style="text-align:justify">&ldquo;I call on States to re-think the usefulness of water trading as a tool for managing scarcity, and to consult the public to determine whether water trading markets should be abolished or more strictly regulated,&rdquo; Arrojo Agudo said.</p><p style="text-align:justify">On the other hand, the recent entry of water as a commodity derivative on Wall Street futures markets aggravates the situation by subjecting water to the forces of financial speculation and to risks of speculative bubbles, not taking into account the demands of human rights and the sustainability of ecosystems, he said.</p><p style="text-align:justify">&ldquo;States should urgently take legal measures to prevent water from being subject to financial speculation in futures markets, potentially causing far-reaching consequences similar to those of the food and housing bubbles,&rdquo; the expert said.</p><p style="text-align:justify">Rather than implementing water trading markets and allowing the trading of water on futures markets, States should manage water as a public good, ensure sustainable management, and develop participatory climate change adaptation plans (as recommended by experts and the UN), in order to guarantee the human rights to safe drinking water and sanitation, he said.</p><p style="text-align:justify">&quot;The harsh experience of the pandemic reminded us that water and sanitation are the cornerstone of public health. It is essential that States, the World Bank and the International Community understand that we are facing a democratic global challenge,&rdquo; the UN expert said. &ldquo;This challenge requires a public investment effort, not for profit, that guarantees leaving no one behind, drawing on the funds made available to implement the Green New Deal of the 21st century.&quot;</p><p style="text-align:justify">A simplified version of the report is also available in&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf">English</a>,&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf">French</a>&nbsp;and&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf">Spanish</a>.</p><p style="text-align:justify">Yesterday, a group of human rights experts issued a joint statement on the threat that financial speculation poses to the enjoyment of a range of human rights.</p><p style="text-align:justify">Please <a href="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&amp;LangID=E" title="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&amp;LangID=E">click here</a> to access the source.</p><p style="text-align:justify">Kindly click <a href="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf" title="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf">here</a> and <a href="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf" title="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf">here</a> to access the report&nbsp;titled <u><strong>Risks and impacts of the commodification and financialization of water on the human rights to safe drinking water and sanitation</strong></u>.</p><p style="text-align:justify"><strong>ENDS&nbsp;</strong></p><p style="text-align:justify"><em>Mr. Pedro Arrojo Agudo (Spain) is the Special Rapporteur on the human rights to safe drinking water and sanitation, appointed in September 2020. He is Emeritus Professor of Economic Analysis at the University of Zaragoza and previously, served as an elected member of the Spanish Parliament during its eleventh and twelfth legislature from 2016 to 2019.&nbsp;</em></p><p style="text-align:justify"><em>The Special Rapporteurs, Independent Experts and Working Groups are part of what is known as the Special Procedures of the Human Rights Council. Special Procedures, the largest body of independent experts in the UN Human Rights system, is the general name of the Council&rsquo;s independent fact-finding and monitoring mechanisms that address either specific country situations or thematic issues in all parts of the world. Special Procedures&rsquo; experts work on a voluntary basis; they are not UN staff and do not receive a salary for their work. They are independent from any government or organization and serve in their individual capacity.</em></p><p style="text-align:justify"><em>For more information and media requests, please contact Ms Ahreum Lee (<a href="http://ahreum.lee@un.org" title="http://ahreum.lee@un.org">ahreum.lee@un.org</a>).&nbsp;</em></p><p style="text-align:justify"><em>For media enquiries regarding other UN independent experts, please contact: In New York, contact Nenad Vasic (vasic@un.org, +1 917 941 7558). In Geneva: Renato de Souza (+41 22 928 9855 / <a href="http://rrosariodesouza@ohchr.org" title="http://rrosariodesouza@ohchr.org">rrosariodesouza@ohchr.org</a>).</em></p><p style="text-align:justify"><em>Follow news related to the UN&rsquo;s independent human rights experts on Twitter @UN_SPExperts.&nbsp;</em></p><p style="text-align:justify"><em>Concerned about the world we live in?</em></p><p style="text-align:justify"><em>Then STAND UP for someone&rsquo;s rights today.<br />#Standup4humanrights and visit the web page at</em></p><p style="text-align:justify"><a href="http://www.standup4humanrights.org" title="http://www.standup4humanrights.org">http://www.standup4humanrights.org</a></p><p style="text-align:justify">&nbsp;</p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 61067, 'title' => 'Water is not a commodity and financial asset to be exploited, says UN human rights expert', 'subheading' => null, 'description' => '<p style="text-align:justify">--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021</p> <p style="text-align:justify"><em>GENEVA (20 October 2021) </em>&ndash; Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights expert told the UN General Assembly today, undermining the human rights to safe drinking water and sanitation and the sustainability of the environment.</p> <p style="text-align:justify">Pedro Arrojo Agudo, the Special Rapporteur on the human rights to safe drinking water and sanitation, said in a report that trading of water use rights in markets has eroded the notion of water as a common good and the State as a guarantor of the general interest.</p> <p style="text-align:justify">The UN expert also pointed out that water trading tends to treat the environment as just another user, and not as the basis of life, forcing States to purchase flows for environmental needs, and failing to address the roots of unsustainability.</p> <p style="text-align:justify">&ldquo;I call on States to re-think the usefulness of water trading as a tool for managing scarcity, and to consult the public to determine whether water trading markets should be abolished or more strictly regulated,&rdquo; Arrojo Agudo said.</p> <p style="text-align:justify">On the other hand, the recent entry of water as a commodity derivative on Wall Street futures markets aggravates the situation by subjecting water to the forces of financial speculation and to risks of speculative bubbles, not taking into account the demands of human rights and the sustainability of ecosystems, he said.</p> <p style="text-align:justify">&ldquo;States should urgently take legal measures to prevent water from being subject to financial speculation in futures markets, potentially causing far-reaching consequences similar to those of the food and housing bubbles,&rdquo; the expert said.</p> <p style="text-align:justify">Rather than implementing water trading markets and allowing the trading of water on futures markets, States should manage water as a public good, ensure sustainable management, and develop participatory climate change adaptation plans (as recommended by experts and the UN), in order to guarantee the human rights to safe drinking water and sanitation, he said.</p> <p style="text-align:justify">&quot;The harsh experience of the pandemic reminded us that water and sanitation are the cornerstone of public health. It is essential that States, the World Bank and the International Community understand that we are facing a democratic global challenge,&rdquo; the UN expert said. &ldquo;This challenge requires a public investment effort, not for profit, that guarantees leaving no one behind, drawing on the funds made available to implement the Green New Deal of the 21st century.&quot;</p> <p style="text-align:justify">A simplified version of the report is also available in&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf">English</a>,&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf">French</a>&nbsp;and&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf">Spanish</a>.</p> <p style="text-align:justify">Yesterday, a group of human rights experts issued a joint statement on the threat that financial speculation poses to the enjoyment of a range of human rights.</p> <p style="text-align:justify">Please <a href="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&amp;LangID=E">click here</a> to access the source.</p> <p style="text-align:justify">Kindly click <a href="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf">here</a> and <a href="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf">here</a> to access the report&nbsp;titled <u><strong>Risks and impacts of the commodification and financialization of water on the human rights to safe drinking water and sanitation</strong></u>.</p> <p style="text-align:justify"><strong>ENDS&nbsp;</strong></p> <p style="text-align:justify"><em>Mr. Pedro Arrojo Agudo (Spain) is the Special Rapporteur on the human rights to safe drinking water and sanitation, appointed in September 2020. He is Emeritus Professor of Economic Analysis at the University of Zaragoza and previously, served as an elected member of the Spanish Parliament during its eleventh and twelfth legislature from 2016 to 2019.&nbsp;</em></p> <p style="text-align:justify"><em>The Special Rapporteurs, Independent Experts and Working Groups are part of what is known as the Special Procedures of the Human Rights Council. Special Procedures, the largest body of independent experts in the UN Human Rights system, is the general name of the Council&rsquo;s independent fact-finding and monitoring mechanisms that address either specific country situations or thematic issues in all parts of the world. Special Procedures&rsquo; experts work on a voluntary basis; they are not UN staff and do not receive a salary for their work. They are independent from any government or organization and serve in their individual capacity.</em></p> <p style="text-align:justify"><em>For more information and media requests, please contact Ms Ahreum Lee (<a href="http://ahreum.lee@un.org">ahreum.lee@un.org</a>).&nbsp;</em></p> <p style="text-align:justify"><em>For media enquiries regarding other UN independent experts, please contact: In New York, contact Nenad Vasic (vasic@un.org, +1 917 941 7558). In Geneva: Renato de Souza (+41 22 928 9855 / <a href="http://rrosariodesouza@ohchr.org">rrosariodesouza@ohchr.org</a>).</em></p> <p style="text-align:justify"><em>Follow news related to the UN&rsquo;s independent human rights experts on Twitter @UN_SPExperts.&nbsp;</em></p> <p style="text-align:justify"><em>Concerned about the world we live in?</em></p> <p style="text-align:justify"><em>Then STAND UP for someone&rsquo;s rights today.<br /> #Standup4humanrights and visit the web page at</em></p> <p style="text-align:justify"><a href="http://www.standup4humanrights.org">http://www.standup4humanrights.org</a></p> <p style="text-align:justify">&nbsp;</p> ', 'credit_writer' => 'Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021, https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&LangID=E', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'water-is-not-a-commodity-and-financial-asset-to-be-exploited-says-un-human-rights-expert', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {}, (int) 5 => object(Cake\ORM\Entity) {}, (int) 6 => object(Cake\ORM\Entity) {}, (int) 7 => object(Cake\ORM\Entity) {}, (int) 8 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 61067 $metaTitle = 'LATEST NEWS UPDATES | Water is not a commodity and financial asset to be exploited, says UN human rights expert' $metaKeywords = 'Drinking Water,Sanitation,Futures Markets,Commodity Futures,Futures Market,water trading markets,Commodification,Financialization,Safe drinking water' $metaDesc = '--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021 GENEVA (20 October 2021) &ndash; Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights...' $disp = '<p style="text-align:justify">--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021</p><p style="text-align:justify"><em>GENEVA (20 October 2021) </em>&ndash; Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights expert told the UN General Assembly today, undermining the human rights to safe drinking water and sanitation and the sustainability of the environment.</p><p style="text-align:justify">Pedro Arrojo Agudo, the Special Rapporteur on the human rights to safe drinking water and sanitation, said in a report that trading of water use rights in markets has eroded the notion of water as a common good and the State as a guarantor of the general interest.</p><p style="text-align:justify">The UN expert also pointed out that water trading tends to treat the environment as just another user, and not as the basis of life, forcing States to purchase flows for environmental needs, and failing to address the roots of unsustainability.</p><p style="text-align:justify">&ldquo;I call on States to re-think the usefulness of water trading as a tool for managing scarcity, and to consult the public to determine whether water trading markets should be abolished or more strictly regulated,&rdquo; Arrojo Agudo said.</p><p style="text-align:justify">On the other hand, the recent entry of water as a commodity derivative on Wall Street futures markets aggravates the situation by subjecting water to the forces of financial speculation and to risks of speculative bubbles, not taking into account the demands of human rights and the sustainability of ecosystems, he said.</p><p style="text-align:justify">&ldquo;States should urgently take legal measures to prevent water from being subject to financial speculation in futures markets, potentially causing far-reaching consequences similar to those of the food and housing bubbles,&rdquo; the expert said.</p><p style="text-align:justify">Rather than implementing water trading markets and allowing the trading of water on futures markets, States should manage water as a public good, ensure sustainable management, and develop participatory climate change adaptation plans (as recommended by experts and the UN), in order to guarantee the human rights to safe drinking water and sanitation, he said.</p><p style="text-align:justify">&quot;The harsh experience of the pandemic reminded us that water and sanitation are the cornerstone of public health. It is essential that States, the World Bank and the International Community understand that we are facing a democratic global challenge,&rdquo; the UN expert said. &ldquo;This challenge requires a public investment effort, not for profit, that guarantees leaving no one behind, drawing on the funds made available to implement the Green New Deal of the 21st century.&quot;</p><p style="text-align:justify">A simplified version of the report is also available in&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf">English</a>,&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf">French</a>&nbsp;and&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf">Spanish</a>.</p><p style="text-align:justify">Yesterday, a group of human rights experts issued a joint statement on the threat that financial speculation poses to the enjoyment of a range of human rights.</p><p style="text-align:justify">Please <a href="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&amp;LangID=E" title="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&amp;LangID=E">click here</a> to access the source.</p><p style="text-align:justify">Kindly click <a href="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf" title="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf">here</a> and <a href="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf" title="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf">here</a> to access the report&nbsp;titled <u><strong>Risks and impacts of the commodification and financialization of water on the human rights to safe drinking water and sanitation</strong></u>.</p><p style="text-align:justify"><strong>ENDS&nbsp;</strong></p><p style="text-align:justify"><em>Mr. Pedro Arrojo Agudo (Spain) is the Special Rapporteur on the human rights to safe drinking water and sanitation, appointed in September 2020. He is Emeritus Professor of Economic Analysis at the University of Zaragoza and previously, served as an elected member of the Spanish Parliament during its eleventh and twelfth legislature from 2016 to 2019.&nbsp;</em></p><p style="text-align:justify"><em>The Special Rapporteurs, Independent Experts and Working Groups are part of what is known as the Special Procedures of the Human Rights Council. Special Procedures, the largest body of independent experts in the UN Human Rights system, is the general name of the Council&rsquo;s independent fact-finding and monitoring mechanisms that address either specific country situations or thematic issues in all parts of the world. Special Procedures&rsquo; experts work on a voluntary basis; they are not UN staff and do not receive a salary for their work. They are independent from any government or organization and serve in their individual capacity.</em></p><p style="text-align:justify"><em>For more information and media requests, please contact Ms Ahreum Lee (<a href="http://ahreum.lee@un.org" title="http://ahreum.lee@un.org">ahreum.lee@un.org</a>).&nbsp;</em></p><p style="text-align:justify"><em>For media enquiries regarding other UN independent experts, please contact: In New York, contact Nenad Vasic (vasic@un.org, +1 917 941 7558). In Geneva: Renato de Souza (+41 22 928 9855 / <a href="http://rrosariodesouza@ohchr.org" title="http://rrosariodesouza@ohchr.org">rrosariodesouza@ohchr.org</a>).</em></p><p style="text-align:justify"><em>Follow news related to the UN&rsquo;s independent human rights experts on Twitter @UN_SPExperts.&nbsp;</em></p><p style="text-align:justify"><em>Concerned about the world we live in?</em></p><p style="text-align:justify"><em>Then STAND UP for someone&rsquo;s rights today.<br />#Standup4humanrights and visit the web page at</em></p><p style="text-align:justify"><a href="http://www.standup4humanrights.org" title="http://www.standup4humanrights.org">http://www.standup4humanrights.org</a></p><p style="text-align:justify">&nbsp;</p>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/water-is-not-a-commodity-and-financial-asset-to-be-exploited-says-un-human-rights-expert.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Water is not a commodity and financial asset to be exploited, says UN human rights expert | Im4change.org</title> <meta name="description" content="--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021 GENEVA (20 October 2021) – Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Water is not a commodity and financial asset to be exploited, says UN human rights expert</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <p style="text-align:justify">--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021</p><p style="text-align:justify"><em>GENEVA (20 October 2021) </em>– Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights expert told the UN General Assembly today, undermining the human rights to safe drinking water and sanitation and the sustainability of the environment.</p><p style="text-align:justify">Pedro Arrojo Agudo, the Special Rapporteur on the human rights to safe drinking water and sanitation, said in a report that trading of water use rights in markets has eroded the notion of water as a common good and the State as a guarantor of the general interest.</p><p style="text-align:justify">The UN expert also pointed out that water trading tends to treat the environment as just another user, and not as the basis of life, forcing States to purchase flows for environmental needs, and failing to address the roots of unsustainability.</p><p style="text-align:justify">“I call on States to re-think the usefulness of water trading as a tool for managing scarcity, and to consult the public to determine whether water trading markets should be abolished or more strictly regulated,” Arrojo Agudo said.</p><p style="text-align:justify">On the other hand, the recent entry of water as a commodity derivative on Wall Street futures markets aggravates the situation by subjecting water to the forces of financial speculation and to risks of speculative bubbles, not taking into account the demands of human rights and the sustainability of ecosystems, he said.</p><p style="text-align:justify">“States should urgently take legal measures to prevent water from being subject to financial speculation in futures markets, potentially causing far-reaching consequences similar to those of the food and housing bubbles,” the expert said.</p><p style="text-align:justify">Rather than implementing water trading markets and allowing the trading of water on futures markets, States should manage water as a public good, ensure sustainable management, and develop participatory climate change adaptation plans (as recommended by experts and the UN), in order to guarantee the human rights to safe drinking water and sanitation, he said.</p><p style="text-align:justify">"The harsh experience of the pandemic reminded us that water and sanitation are the cornerstone of public health. It is essential that States, the World Bank and the International Community understand that we are facing a democratic global challenge,” the UN expert said. “This challenge requires a public investment effort, not for profit, that guarantees leaving no one behind, drawing on the funds made available to implement the Green New Deal of the 21st century."</p><p style="text-align:justify">A simplified version of the report is also available in <a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf">English</a>, <a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf">French</a> and <a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf">Spanish</a>.</p><p style="text-align:justify">Yesterday, a group of human rights experts issued a joint statement on the threat that financial speculation poses to the enjoyment of a range of human rights.</p><p style="text-align:justify">Please <a href="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&LangID=E" title="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&LangID=E">click here</a> to access the source.</p><p style="text-align:justify">Kindly click <a href="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf" title="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf">here</a> and <a href="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf" title="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf">here</a> to access the report titled <u><strong>Risks and impacts of the commodification and financialization of water on the human rights to safe drinking water and sanitation</strong></u>.</p><p style="text-align:justify"><strong>ENDS </strong></p><p style="text-align:justify"><em>Mr. Pedro Arrojo Agudo (Spain) is the Special Rapporteur on the human rights to safe drinking water and sanitation, appointed in September 2020. He is Emeritus Professor of Economic Analysis at the University of Zaragoza and previously, served as an elected member of the Spanish Parliament during its eleventh and twelfth legislature from 2016 to 2019. </em></p><p style="text-align:justify"><em>The Special Rapporteurs, Independent Experts and Working Groups are part of what is known as the Special Procedures of the Human Rights Council. Special Procedures, the largest body of independent experts in the UN Human Rights system, is the general name of the Council’s independent fact-finding and monitoring mechanisms that address either specific country situations or thematic issues in all parts of the world. Special Procedures’ experts work on a voluntary basis; they are not UN staff and do not receive a salary for their work. They are independent from any government or organization and serve in their individual capacity.</em></p><p style="text-align:justify"><em>For more information and media requests, please contact Ms Ahreum Lee (<a href="http://ahreum.lee@un.org" title="http://ahreum.lee@un.org">ahreum.lee@un.org</a>). </em></p><p style="text-align:justify"><em>For media enquiries regarding other UN independent experts, please contact: In New York, contact Nenad Vasic (vasic@un.org, +1 917 941 7558). In Geneva: Renato de Souza (+41 22 928 9855 / <a href="http://rrosariodesouza@ohchr.org" title="http://rrosariodesouza@ohchr.org">rrosariodesouza@ohchr.org</a>).</em></p><p style="text-align:justify"><em>Follow news related to the UN’s independent human rights experts on Twitter @UN_SPExperts. </em></p><p style="text-align:justify"><em>Concerned about the world we live in?</em></p><p style="text-align:justify"><em>Then STAND UP for someone’s rights today.<br />#Standup4humanrights and visit the web page at</em></p><p style="text-align:justify"><a href="http://www.standup4humanrights.org" title="http://www.standup4humanrights.org">http://www.standup4humanrights.org</a></p><p style="text-align:justify"> </p> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $reasonPhrase = 'OK'header - [internal], line ?? 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'' : 'none')">Context</a><pre id="cakeErr67efa319a2eb5-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr67efa319a2eb5-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 61067, 'title' => 'Water is not a commodity and financial asset to be exploited, says UN human rights expert', 'subheading' => null, 'description' => '<p style="text-align:justify">--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021</p> <p style="text-align:justify"><em>GENEVA (20 October 2021) </em>&ndash; Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights expert told the UN General Assembly today, undermining the human rights to safe drinking water and sanitation and the sustainability of the environment.</p> <p style="text-align:justify">Pedro Arrojo Agudo, the Special Rapporteur on the human rights to safe drinking water and sanitation, said in a report that trading of water use rights in markets has eroded the notion of water as a common good and the State as a guarantor of the general interest.</p> <p style="text-align:justify">The UN expert also pointed out that water trading tends to treat the environment as just another user, and not as the basis of life, forcing States to purchase flows for environmental needs, and failing to address the roots of unsustainability.</p> <p style="text-align:justify">&ldquo;I call on States to re-think the usefulness of water trading as a tool for managing scarcity, and to consult the public to determine whether water trading markets should be abolished or more strictly regulated,&rdquo; Arrojo Agudo said.</p> <p style="text-align:justify">On the other hand, the recent entry of water as a commodity derivative on Wall Street futures markets aggravates the situation by subjecting water to the forces of financial speculation and to risks of speculative bubbles, not taking into account the demands of human rights and the sustainability of ecosystems, he said.</p> <p style="text-align:justify">&ldquo;States should urgently take legal measures to prevent water from being subject to financial speculation in futures markets, potentially causing far-reaching consequences similar to those of the food and housing bubbles,&rdquo; the expert said.</p> <p style="text-align:justify">Rather than implementing water trading markets and allowing the trading of water on futures markets, States should manage water as a public good, ensure sustainable management, and develop participatory climate change adaptation plans (as recommended by experts and the UN), in order to guarantee the human rights to safe drinking water and sanitation, he said.</p> <p style="text-align:justify">&quot;The harsh experience of the pandemic reminded us that water and sanitation are the cornerstone of public health. It is essential that States, the World Bank and the International Community understand that we are facing a democratic global challenge,&rdquo; the UN expert said. &ldquo;This challenge requires a public investment effort, not for profit, that guarantees leaving no one behind, drawing on the funds made available to implement the Green New Deal of the 21st century.&quot;</p> <p style="text-align:justify">A simplified version of the report is also available in&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf">English</a>,&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf">French</a>&nbsp;and&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf">Spanish</a>.</p> <p style="text-align:justify">Yesterday, a group of human rights experts issued a joint statement on the threat that financial speculation poses to the enjoyment of a range of human rights.</p> <p style="text-align:justify">Please <a href="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&amp;LangID=E">click here</a> to access the source.</p> <p style="text-align:justify">Kindly click <a href="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf">here</a> and <a href="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf">here</a> to access the report&nbsp;titled <u><strong>Risks and impacts of the commodification and financialization of water on the human rights to safe drinking water and sanitation</strong></u>.</p> <p style="text-align:justify"><strong>ENDS&nbsp;</strong></p> <p style="text-align:justify"><em>Mr. Pedro Arrojo Agudo (Spain) is the Special Rapporteur on the human rights to safe drinking water and sanitation, appointed in September 2020. He is Emeritus Professor of Economic Analysis at the University of Zaragoza and previously, served as an elected member of the Spanish Parliament during its eleventh and twelfth legislature from 2016 to 2019.&nbsp;</em></p> <p style="text-align:justify"><em>The Special Rapporteurs, Independent Experts and Working Groups are part of what is known as the Special Procedures of the Human Rights Council. Special Procedures, the largest body of independent experts in the UN Human Rights system, is the general name of the Council&rsquo;s independent fact-finding and monitoring mechanisms that address either specific country situations or thematic issues in all parts of the world. Special Procedures&rsquo; experts work on a voluntary basis; they are not UN staff and do not receive a salary for their work. 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In Geneva: Renato de Souza (+41 22 928 9855 / <a href="http://rrosariodesouza@ohchr.org">rrosariodesouza@ohchr.org</a>).</em></p> <p style="text-align:justify"><em>Follow news related to the UN&rsquo;s independent human rights experts on Twitter @UN_SPExperts.&nbsp;</em></p> <p style="text-align:justify"><em>Concerned about the world we live in?</em></p> <p style="text-align:justify"><em>Then STAND UP for someone&rsquo;s rights today.<br /> #Standup4humanrights and visit the web page at</em></p> <p style="text-align:justify"><a href="http://www.standup4humanrights.org">http://www.standup4humanrights.org</a></p> <p style="text-align:justify">&nbsp;</p> ', 'credit_writer' => 'Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021, https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&LangID=E', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'water-is-not-a-commodity-and-financial-asset-to-be-exploited-says-un-human-rights-expert', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 61067, 'metaTitle' => 'LATEST NEWS UPDATES | Water is not a commodity and financial asset to be exploited, says UN human rights expert', 'metaKeywords' => 'Drinking Water,Sanitation,Futures Markets,Commodity Futures,Futures Market,water trading markets,Commodification,Financialization,Safe drinking water', 'metaDesc' => '--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021 GENEVA (20 October 2021) &ndash; Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights...', 'disp' => '<p style="text-align:justify">--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021</p><p style="text-align:justify"><em>GENEVA (20 October 2021) </em>&ndash; Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights expert told the UN General Assembly today, undermining the human rights to safe drinking water and sanitation and the sustainability of the environment.</p><p style="text-align:justify">Pedro Arrojo Agudo, the Special Rapporteur on the human rights to safe drinking water and sanitation, said in a report that trading of water use rights in markets has eroded the notion of water as a common good and the State as a guarantor of the general interest.</p><p style="text-align:justify">The UN expert also pointed out that water trading tends to treat the environment as just another user, and not as the basis of life, forcing States to purchase flows for environmental needs, and failing to address the roots of unsustainability.</p><p style="text-align:justify">&ldquo;I call on States to re-think the usefulness of water trading as a tool for managing scarcity, and to consult the public to determine whether water trading markets should be abolished or more strictly regulated,&rdquo; Arrojo Agudo said.</p><p style="text-align:justify">On the other hand, the recent entry of water as a commodity derivative on Wall Street futures markets aggravates the situation by subjecting water to the forces of financial speculation and to risks of speculative bubbles, not taking into account the demands of human rights and the sustainability of ecosystems, he said.</p><p style="text-align:justify">&ldquo;States should urgently take legal measures to prevent water from being subject to financial speculation in futures markets, potentially causing far-reaching consequences similar to those of the food and housing bubbles,&rdquo; the expert said.</p><p style="text-align:justify">Rather than implementing water trading markets and allowing the trading of water on futures markets, States should manage water as a public good, ensure sustainable management, and develop participatory climate change adaptation plans (as recommended by experts and the UN), in order to guarantee the human rights to safe drinking water and sanitation, he said.</p><p style="text-align:justify">&quot;The harsh experience of the pandemic reminded us that water and sanitation are the cornerstone of public health. It is essential that States, the World Bank and the International Community understand that we are facing a democratic global challenge,&rdquo; the UN expert said. &ldquo;This challenge requires a public investment effort, not for profit, that guarantees leaving no one behind, drawing on the funds made available to implement the Green New Deal of the 21st century.&quot;</p><p style="text-align:justify">A simplified version of the report is also available in&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf">English</a>,&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf">French</a>&nbsp;and&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf">Spanish</a>.</p><p style="text-align:justify">Yesterday, a group of human rights experts issued a joint statement on the threat that financial speculation poses to the enjoyment of a range of human rights.</p><p style="text-align:justify">Please <a href="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&amp;LangID=E" title="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&amp;LangID=E">click here</a> to access the source.</p><p style="text-align:justify">Kindly click <a href="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf" title="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf">here</a> and <a href="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf" title="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf">here</a> to access the report&nbsp;titled <u><strong>Risks and impacts of the commodification and financialization of water on the human rights to safe drinking water and sanitation</strong></u>.</p><p style="text-align:justify"><strong>ENDS&nbsp;</strong></p><p style="text-align:justify"><em>Mr. Pedro Arrojo Agudo (Spain) is the Special Rapporteur on the human rights to safe drinking water and sanitation, appointed in September 2020. He is Emeritus Professor of Economic Analysis at the University of Zaragoza and previously, served as an elected member of the Spanish Parliament during its eleventh and twelfth legislature from 2016 to 2019.&nbsp;</em></p><p style="text-align:justify"><em>The Special Rapporteurs, Independent Experts and Working Groups are part of what is known as the Special Procedures of the Human Rights Council. Special Procedures, the largest body of independent experts in the UN Human Rights system, is the general name of the Council&rsquo;s independent fact-finding and monitoring mechanisms that address either specific country situations or thematic issues in all parts of the world. Special Procedures&rsquo; experts work on a voluntary basis; they are not UN staff and do not receive a salary for their work. They are independent from any government or organization and serve in their individual capacity.</em></p><p style="text-align:justify"><em>For more information and media requests, please contact Ms Ahreum Lee (<a href="http://ahreum.lee@un.org" title="http://ahreum.lee@un.org">ahreum.lee@un.org</a>).&nbsp;</em></p><p style="text-align:justify"><em>For media enquiries regarding other UN independent experts, please contact: In New York, contact Nenad Vasic (vasic@un.org, +1 917 941 7558). In Geneva: Renato de Souza (+41 22 928 9855 / <a href="http://rrosariodesouza@ohchr.org" title="http://rrosariodesouza@ohchr.org">rrosariodesouza@ohchr.org</a>).</em></p><p style="text-align:justify"><em>Follow news related to the UN&rsquo;s independent human rights experts on Twitter @UN_SPExperts.&nbsp;</em></p><p style="text-align:justify"><em>Concerned about the world we live in?</em></p><p style="text-align:justify"><em>Then STAND UP for someone&rsquo;s rights today.<br />#Standup4humanrights and visit the web page at</em></p><p style="text-align:justify"><a href="http://www.standup4humanrights.org" title="http://www.standup4humanrights.org">http://www.standup4humanrights.org</a></p><p style="text-align:justify">&nbsp;</p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 61067, 'title' => 'Water is not a commodity and financial asset to be exploited, says UN human rights expert', 'subheading' => null, 'description' => '<p style="text-align:justify">--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021</p> <p style="text-align:justify"><em>GENEVA (20 October 2021) </em>&ndash; Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights expert told the UN General Assembly today, undermining the human rights to safe drinking water and sanitation and the sustainability of the environment.</p> <p style="text-align:justify">Pedro Arrojo Agudo, the Special Rapporteur on the human rights to safe drinking water and sanitation, said in a report that trading of water use rights in markets has eroded the notion of water as a common good and the State as a guarantor of the general interest.</p> <p style="text-align:justify">The UN expert also pointed out that water trading tends to treat the environment as just another user, and not as the basis of life, forcing States to purchase flows for environmental needs, and failing to address the roots of unsustainability.</p> <p style="text-align:justify">&ldquo;I call on States to re-think the usefulness of water trading as a tool for managing scarcity, and to consult the public to determine whether water trading markets should be abolished or more strictly regulated,&rdquo; Arrojo Agudo said.</p> <p style="text-align:justify">On the other hand, the recent entry of water as a commodity derivative on Wall Street futures markets aggravates the situation by subjecting water to the forces of financial speculation and to risks of speculative bubbles, not taking into account the demands of human rights and the sustainability of ecosystems, he said.</p> <p style="text-align:justify">&ldquo;States should urgently take legal measures to prevent water from being subject to financial speculation in futures markets, potentially causing far-reaching consequences similar to those of the food and housing bubbles,&rdquo; the expert said.</p> <p style="text-align:justify">Rather than implementing water trading markets and allowing the trading of water on futures markets, States should manage water as a public good, ensure sustainable management, and develop participatory climate change adaptation plans (as recommended by experts and the UN), in order to guarantee the human rights to safe drinking water and sanitation, he said.</p> <p style="text-align:justify">&quot;The harsh experience of the pandemic reminded us that water and sanitation are the cornerstone of public health. It is essential that States, the World Bank and the International Community understand that we are facing a democratic global challenge,&rdquo; the UN expert said. &ldquo;This challenge requires a public investment effort, not for profit, that guarantees leaving no one behind, drawing on the funds made available to implement the Green New Deal of the 21st century.&quot;</p> <p style="text-align:justify">A simplified version of the report is also available in&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf">English</a>,&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf">French</a>&nbsp;and&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf">Spanish</a>.</p> <p style="text-align:justify">Yesterday, a group of human rights experts issued a joint statement on the threat that financial speculation poses to the enjoyment of a range of human rights.</p> <p style="text-align:justify">Please <a href="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&amp;LangID=E">click here</a> to access the source.</p> <p style="text-align:justify">Kindly click <a href="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf">here</a> and <a href="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf">here</a> to access the report&nbsp;titled <u><strong>Risks and impacts of the commodification and financialization of water on the human rights to safe drinking water and sanitation</strong></u>.</p> <p style="text-align:justify"><strong>ENDS&nbsp;</strong></p> <p style="text-align:justify"><em>Mr. Pedro Arrojo Agudo (Spain) is the Special Rapporteur on the human rights to safe drinking water and sanitation, appointed in September 2020. He is Emeritus Professor of Economic Analysis at the University of Zaragoza and previously, served as an elected member of the Spanish Parliament during its eleventh and twelfth legislature from 2016 to 2019.&nbsp;</em></p> <p style="text-align:justify"><em>The Special Rapporteurs, Independent Experts and Working Groups are part of what is known as the Special Procedures of the Human Rights Council. Special Procedures, the largest body of independent experts in the UN Human Rights system, is the general name of the Council&rsquo;s independent fact-finding and monitoring mechanisms that address either specific country situations or thematic issues in all parts of the world. Special Procedures&rsquo; experts work on a voluntary basis; they are not UN staff and do not receive a salary for their work. They are independent from any government or organization and serve in their individual capacity.</em></p> <p style="text-align:justify"><em>For more information and media requests, please contact Ms Ahreum Lee (<a href="http://ahreum.lee@un.org">ahreum.lee@un.org</a>).&nbsp;</em></p> <p style="text-align:justify"><em>For media enquiries regarding other UN independent experts, please contact: In New York, contact Nenad Vasic (vasic@un.org, +1 917 941 7558). In Geneva: Renato de Souza (+41 22 928 9855 / <a href="http://rrosariodesouza@ohchr.org">rrosariodesouza@ohchr.org</a>).</em></p> <p style="text-align:justify"><em>Follow news related to the UN&rsquo;s independent human rights experts on Twitter @UN_SPExperts.&nbsp;</em></p> <p style="text-align:justify"><em>Concerned about the world we live in?</em></p> <p style="text-align:justify"><em>Then STAND UP for someone&rsquo;s rights today.<br /> #Standup4humanrights and visit the web page at</em></p> <p style="text-align:justify"><a href="http://www.standup4humanrights.org">http://www.standup4humanrights.org</a></p> <p style="text-align:justify">&nbsp;</p> ', 'credit_writer' => 'Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021, https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&LangID=E', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'water-is-not-a-commodity-and-financial-asset-to-be-exploited-says-un-human-rights-expert', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {}, (int) 5 => object(Cake\ORM\Entity) {}, (int) 6 => object(Cake\ORM\Entity) {}, (int) 7 => object(Cake\ORM\Entity) {}, (int) 8 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 61067 $metaTitle = 'LATEST NEWS UPDATES | Water is not a commodity and financial asset to be exploited, says UN human rights expert' $metaKeywords = 'Drinking Water,Sanitation,Futures Markets,Commodity Futures,Futures Market,water trading markets,Commodification,Financialization,Safe drinking water' $metaDesc = '--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021 GENEVA (20 October 2021) &ndash; Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights...' $disp = '<p style="text-align:justify">--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021</p><p style="text-align:justify"><em>GENEVA (20 October 2021) </em>&ndash; Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights expert told the UN General Assembly today, undermining the human rights to safe drinking water and sanitation and the sustainability of the environment.</p><p style="text-align:justify">Pedro Arrojo Agudo, the Special Rapporteur on the human rights to safe drinking water and sanitation, said in a report that trading of water use rights in markets has eroded the notion of water as a common good and the State as a guarantor of the general interest.</p><p style="text-align:justify">The UN expert also pointed out that water trading tends to treat the environment as just another user, and not as the basis of life, forcing States to purchase flows for environmental needs, and failing to address the roots of unsustainability.</p><p style="text-align:justify">&ldquo;I call on States to re-think the usefulness of water trading as a tool for managing scarcity, and to consult the public to determine whether water trading markets should be abolished or more strictly regulated,&rdquo; Arrojo Agudo said.</p><p style="text-align:justify">On the other hand, the recent entry of water as a commodity derivative on Wall Street futures markets aggravates the situation by subjecting water to the forces of financial speculation and to risks of speculative bubbles, not taking into account the demands of human rights and the sustainability of ecosystems, he said.</p><p style="text-align:justify">&ldquo;States should urgently take legal measures to prevent water from being subject to financial speculation in futures markets, potentially causing far-reaching consequences similar to those of the food and housing bubbles,&rdquo; the expert said.</p><p style="text-align:justify">Rather than implementing water trading markets and allowing the trading of water on futures markets, States should manage water as a public good, ensure sustainable management, and develop participatory climate change adaptation plans (as recommended by experts and the UN), in order to guarantee the human rights to safe drinking water and sanitation, he said.</p><p style="text-align:justify">&quot;The harsh experience of the pandemic reminded us that water and sanitation are the cornerstone of public health. It is essential that States, the World Bank and the International Community understand that we are facing a democratic global challenge,&rdquo; the UN expert said. &ldquo;This challenge requires a public investment effort, not for profit, that guarantees leaving no one behind, drawing on the funds made available to implement the Green New Deal of the 21st century.&quot;</p><p style="text-align:justify">A simplified version of the report is also available in&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf">English</a>,&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf">French</a>&nbsp;and&nbsp;<a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf">Spanish</a>.</p><p style="text-align:justify">Yesterday, a group of human rights experts issued a joint statement on the threat that financial speculation poses to the enjoyment of a range of human rights.</p><p style="text-align:justify">Please <a href="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&amp;LangID=E" title="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&amp;LangID=E">click here</a> to access the source.</p><p style="text-align:justify">Kindly click <a href="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf" title="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf">here</a> and <a href="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf" title="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf">here</a> to access the report&nbsp;titled <u><strong>Risks and impacts of the commodification and financialization of water on the human rights to safe drinking water and sanitation</strong></u>.</p><p style="text-align:justify"><strong>ENDS&nbsp;</strong></p><p style="text-align:justify"><em>Mr. Pedro Arrojo Agudo (Spain) is the Special Rapporteur on the human rights to safe drinking water and sanitation, appointed in September 2020. He is Emeritus Professor of Economic Analysis at the University of Zaragoza and previously, served as an elected member of the Spanish Parliament during its eleventh and twelfth legislature from 2016 to 2019.&nbsp;</em></p><p style="text-align:justify"><em>The Special Rapporteurs, Independent Experts and Working Groups are part of what is known as the Special Procedures of the Human Rights Council. Special Procedures, the largest body of independent experts in the UN Human Rights system, is the general name of the Council&rsquo;s independent fact-finding and monitoring mechanisms that address either specific country situations or thematic issues in all parts of the world. Special Procedures&rsquo; experts work on a voluntary basis; they are not UN staff and do not receive a salary for their work. They are independent from any government or organization and serve in their individual capacity.</em></p><p style="text-align:justify"><em>For more information and media requests, please contact Ms Ahreum Lee (<a href="http://ahreum.lee@un.org" title="http://ahreum.lee@un.org">ahreum.lee@un.org</a>).&nbsp;</em></p><p style="text-align:justify"><em>For media enquiries regarding other UN independent experts, please contact: In New York, contact Nenad Vasic (vasic@un.org, +1 917 941 7558). In Geneva: Renato de Souza (+41 22 928 9855 / <a href="http://rrosariodesouza@ohchr.org" title="http://rrosariodesouza@ohchr.org">rrosariodesouza@ohchr.org</a>).</em></p><p style="text-align:justify"><em>Follow news related to the UN&rsquo;s independent human rights experts on Twitter @UN_SPExperts.&nbsp;</em></p><p style="text-align:justify"><em>Concerned about the world we live in?</em></p><p style="text-align:justify"><em>Then STAND UP for someone&rsquo;s rights today.<br />#Standup4humanrights and visit the web page at</em></p><p style="text-align:justify"><a href="http://www.standup4humanrights.org" title="http://www.standup4humanrights.org">http://www.standup4humanrights.org</a></p><p style="text-align:justify">&nbsp;</p>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/water-is-not-a-commodity-and-financial-asset-to-be-exploited-says-un-human-rights-expert.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Water is not a commodity and financial asset to be exploited, says UN human rights expert | Im4change.org</title> <meta name="description" content="--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021 GENEVA (20 October 2021) – Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; 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It is essential that States, the World Bank and the International Community understand that we are facing a democratic global challenge,” the UN expert said. “This challenge requires a public investment effort, not for profit, that guarantees leaving no one behind, drawing on the funds made available to implement the Green New Deal of the 21st century."</p><p style="text-align:justify">A simplified version of the report is also available in <a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf">English</a>, <a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf">French</a> and <a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf">Spanish</a>.</p><p style="text-align:justify">Yesterday, a group of human rights experts issued a joint statement on the threat that financial speculation poses to the enjoyment of a range of human rights.</p><p style="text-align:justify">Please <a href="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&LangID=E" title="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&LangID=E">click here</a> to access the source.</p><p style="text-align:justify">Kindly click <a href="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf" title="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf">here</a> and <a href="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf" title="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf">here</a> to access the report titled <u><strong>Risks and impacts of the commodification and financialization of water on the human rights to safe drinking water and sanitation</strong></u>.</p><p style="text-align:justify"><strong>ENDS </strong></p><p style="text-align:justify"><em>Mr. Pedro Arrojo Agudo (Spain) is the Special Rapporteur on the human rights to safe drinking water and sanitation, appointed in September 2020. He is Emeritus Professor of Economic Analysis at the University of Zaragoza and previously, served as an elected member of the Spanish Parliament during its eleventh and twelfth legislature from 2016 to 2019. </em></p><p style="text-align:justify"><em>The Special Rapporteurs, Independent Experts and Working Groups are part of what is known as the Special Procedures of the Human Rights Council. Special Procedures, the largest body of independent experts in the UN Human Rights system, is the general name of the Council’s independent fact-finding and monitoring mechanisms that address either specific country situations or thematic issues in all parts of the world. Special Procedures’ experts work on a voluntary basis; they are not UN staff and do not receive a salary for their work. They are independent from any government or organization and serve in their individual capacity.</em></p><p style="text-align:justify"><em>For more information and media requests, please contact Ms Ahreum Lee (<a href="http://ahreum.lee@un.org" title="http://ahreum.lee@un.org">ahreum.lee@un.org</a>). </em></p><p style="text-align:justify"><em>For media enquiries regarding other UN independent experts, please contact: In New York, contact Nenad Vasic (vasic@un.org, +1 917 941 7558). In Geneva: Renato de Souza (+41 22 928 9855 / <a href="http://rrosariodesouza@ohchr.org" title="http://rrosariodesouza@ohchr.org">rrosariodesouza@ohchr.org</a>).</em></p><p style="text-align:justify"><em>Follow news related to the UN’s independent human rights experts on Twitter @UN_SPExperts. </em></p><p style="text-align:justify"><em>Concerned about the world we live in?</em></p><p style="text-align:justify"><em>Then STAND UP for someone’s rights today.<br />#Standup4humanrights and visit the web page at</em></p><p style="text-align:justify"><a href="http://www.standup4humanrights.org" title="http://www.standup4humanrights.org">http://www.standup4humanrights.org</a></p><p style="text-align:justify"> </p> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $cookies = [] $values = [ (int) 0 => 'text/html; charset=UTF-8' ] $name = 'Content-Type' $first = true $value = 'text/html; charset=UTF-8'header - [internal], line ?? 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He is Emeritus Professor of Economic Analysis at the University of Zaragoza and previously, served as an elected member of the Spanish Parliament during its eleventh and twelfth legislature from 2016 to 2019. </em></p> <p style="text-align:justify"><em>The Special Rapporteurs, Independent Experts and Working Groups are part of what is known as the Special Procedures of the Human Rights Council. Special Procedures, the largest body of independent experts in the UN Human Rights system, is the general name of the Council’s independent fact-finding and monitoring mechanisms that address either specific country situations or thematic issues in all parts of the world. Special Procedures’ experts work on a voluntary basis; they are not UN staff and do not receive a salary for their work. 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It is essential that States, the World Bank and the International Community understand that we are facing a democratic global challenge,” the UN expert said. “This challenge requires a public investment effort, not for profit, that guarantees leaving no one behind, drawing on the funds made available to implement the Green New Deal of the 21st century."</p><p style="text-align:justify">A simplified version of the report is also available in <a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf">English</a>, <a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf">French</a> and <a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf">Spanish</a>.</p><p style="text-align:justify">Yesterday, a group of human rights experts issued a joint statement on the threat that financial speculation poses to the enjoyment of a range of human rights.</p><p style="text-align:justify">Please <a href="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&LangID=E" title="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&LangID=E">click here</a> to access the source.</p><p style="text-align:justify">Kindly click <a href="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf" title="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf">here</a> and <a href="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf" title="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf">here</a> to access the report titled <u><strong>Risks and impacts of the commodification and financialization of water on the human rights to safe drinking water and sanitation</strong></u>.</p><p style="text-align:justify"><strong>ENDS </strong></p><p style="text-align:justify"><em>Mr. Pedro Arrojo Agudo (Spain) is the Special Rapporteur on the human rights to safe drinking water and sanitation, appointed in September 2020. He is Emeritus Professor of Economic Analysis at the University of Zaragoza and previously, served as an elected member of the Spanish Parliament during its eleventh and twelfth legislature from 2016 to 2019. </em></p><p style="text-align:justify"><em>The Special Rapporteurs, Independent Experts and Working Groups are part of what is known as the Special Procedures of the Human Rights Council. Special Procedures, the largest body of independent experts in the UN Human Rights system, is the general name of the Council’s independent fact-finding and monitoring mechanisms that address either specific country situations or thematic issues in all parts of the world. Special Procedures’ experts work on a voluntary basis; they are not UN staff and do not receive a salary for their work. They are independent from any government or organization and serve in their individual capacity.</em></p><p style="text-align:justify"><em>For more information and media requests, please contact Ms Ahreum Lee (<a href="http://ahreum.lee@un.org" title="http://ahreum.lee@un.org">ahreum.lee@un.org</a>). </em></p><p style="text-align:justify"><em>For media enquiries regarding other UN independent experts, please contact: In New York, contact Nenad Vasic (vasic@un.org, +1 917 941 7558). In Geneva: Renato de Souza (+41 22 928 9855 / <a href="http://rrosariodesouza@ohchr.org" title="http://rrosariodesouza@ohchr.org">rrosariodesouza@ohchr.org</a>).</em></p><p style="text-align:justify"><em>Follow news related to the UN’s independent human rights experts on Twitter @UN_SPExperts. </em></p><p style="text-align:justify"><em>Concerned about the world we live in?</em></p><p style="text-align:justify"><em>Then STAND UP for someone’s rights today.<br />#Standup4humanrights and visit the web page at</em></p><p style="text-align:justify"><a href="http://www.standup4humanrights.org" title="http://www.standup4humanrights.org">http://www.standup4humanrights.org</a></p><p style="text-align:justify"> </p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 61067, 'title' => 'Water is not a commodity and financial asset to be exploited, says UN human rights expert', 'subheading' => null, 'description' => '<p style="text-align:justify">--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021</p> <p style="text-align:justify"><em>GENEVA (20 October 2021) </em>– Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights expert told the UN General Assembly today, undermining the human rights to safe drinking water and sanitation and the sustainability of the environment.</p> <p style="text-align:justify">Pedro Arrojo Agudo, the Special Rapporteur on the human rights to safe drinking water and sanitation, said in a report that trading of water use rights in markets has eroded the notion of water as a common good and the State as a guarantor of the general interest.</p> <p style="text-align:justify">The UN expert also pointed out that water trading tends to treat the environment as just another user, and not as the basis of life, forcing States to purchase flows for environmental needs, and failing to address the roots of unsustainability.</p> <p style="text-align:justify">“I call on States to re-think the usefulness of water trading as a tool for managing scarcity, and to consult the public to determine whether water trading markets should be abolished or more strictly regulated,” Arrojo Agudo said.</p> <p style="text-align:justify">On the other hand, the recent entry of water as a commodity derivative on Wall Street futures markets aggravates the situation by subjecting water to the forces of financial speculation and to risks of speculative bubbles, not taking into account the demands of human rights and the sustainability of ecosystems, he said.</p> <p style="text-align:justify">“States should urgently take legal measures to prevent water from being subject to financial speculation in futures markets, potentially causing far-reaching consequences similar to those of the food and housing bubbles,” the expert said.</p> <p style="text-align:justify">Rather than implementing water trading markets and allowing the trading of water on futures markets, States should manage water as a public good, ensure sustainable management, and develop participatory climate change adaptation plans (as recommended by experts and the UN), in order to guarantee the human rights to safe drinking water and sanitation, he said.</p> <p style="text-align:justify">"The harsh experience of the pandemic reminded us that water and sanitation are the cornerstone of public health. It is essential that States, the World Bank and the International Community understand that we are facing a democratic global challenge,” the UN expert said. “This challenge requires a public investment effort, not for profit, that guarantees leaving no one behind, drawing on the funds made available to implement the Green New Deal of the 21st century."</p> <p style="text-align:justify">A simplified version of the report is also available in <a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf">English</a>, <a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf">French</a> and <a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf">Spanish</a>.</p> <p style="text-align:justify">Yesterday, a group of human rights experts issued a joint statement on the threat that financial speculation poses to the enjoyment of a range of human rights.</p> <p style="text-align:justify">Please <a href="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&LangID=E">click here</a> to access the source.</p> <p style="text-align:justify">Kindly click <a href="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf">here</a> and <a href="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf">here</a> to access the report titled <u><strong>Risks and impacts of the commodification and financialization of water on the human rights to safe drinking water and sanitation</strong></u>.</p> <p style="text-align:justify"><strong>ENDS </strong></p> <p style="text-align:justify"><em>Mr. Pedro Arrojo Agudo (Spain) is the Special Rapporteur on the human rights to safe drinking water and sanitation, appointed in September 2020. He is Emeritus Professor of Economic Analysis at the University of Zaragoza and previously, served as an elected member of the Spanish Parliament during its eleventh and twelfth legislature from 2016 to 2019. </em></p> <p style="text-align:justify"><em>The Special Rapporteurs, Independent Experts and Working Groups are part of what is known as the Special Procedures of the Human Rights Council. Special Procedures, the largest body of independent experts in the UN Human Rights system, is the general name of the Council’s independent fact-finding and monitoring mechanisms that address either specific country situations or thematic issues in all parts of the world. Special Procedures’ experts work on a voluntary basis; they are not UN staff and do not receive a salary for their work. They are independent from any government or organization and serve in their individual capacity.</em></p> <p style="text-align:justify"><em>For more information and media requests, please contact Ms Ahreum Lee (<a href="http://ahreum.lee@un.org">ahreum.lee@un.org</a>). </em></p> <p style="text-align:justify"><em>For media enquiries regarding other UN independent experts, please contact: In New York, contact Nenad Vasic (vasic@un.org, +1 917 941 7558). In Geneva: Renato de Souza (+41 22 928 9855 / <a href="http://rrosariodesouza@ohchr.org">rrosariodesouza@ohchr.org</a>).</em></p> <p style="text-align:justify"><em>Follow news related to the UN’s independent human rights experts on Twitter @UN_SPExperts. </em></p> <p style="text-align:justify"><em>Concerned about the world we live in?</em></p> <p style="text-align:justify"><em>Then STAND UP for someone’s rights today.<br /> #Standup4humanrights and visit the web page at</em></p> <p style="text-align:justify"><a href="http://www.standup4humanrights.org">http://www.standup4humanrights.org</a></p> <p style="text-align:justify"> </p> ', 'credit_writer' => 'Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021, https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&LangID=E', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 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'[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 61067 $metaTitle = 'LATEST NEWS UPDATES | Water is not a commodity and financial asset to be exploited, says UN human rights expert' $metaKeywords = 'Drinking Water,Sanitation,Futures Markets,Commodity Futures,Futures Market,water trading markets,Commodification,Financialization,Safe drinking water' $metaDesc = '--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021 GENEVA (20 October 2021) – Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights...' $disp = '<p style="text-align:justify">--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021</p><p style="text-align:justify"><em>GENEVA (20 October 2021) </em>– Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights expert told the UN General Assembly today, undermining the human rights to safe drinking water and sanitation and the sustainability of the environment.</p><p style="text-align:justify">Pedro Arrojo Agudo, the Special Rapporteur on the human rights to safe drinking water and sanitation, said in a report that trading of water use rights in markets has eroded the notion of water as a common good and the State as a guarantor of the general interest.</p><p style="text-align:justify">The UN expert also pointed out that water trading tends to treat the environment as just another user, and not as the basis of life, forcing States to purchase flows for environmental needs, and failing to address the roots of unsustainability.</p><p style="text-align:justify">“I call on States to re-think the usefulness of water trading as a tool for managing scarcity, and to consult the public to determine whether water trading markets should be abolished or more strictly regulated,” Arrojo Agudo said.</p><p style="text-align:justify">On the other hand, the recent entry of water as a commodity derivative on Wall Street futures markets aggravates the situation by subjecting water to the forces of financial speculation and to risks of speculative bubbles, not taking into account the demands of human rights and the sustainability of ecosystems, he said.</p><p style="text-align:justify">“States should urgently take legal measures to prevent water from being subject to financial speculation in futures markets, potentially causing far-reaching consequences similar to those of the food and housing bubbles,” the expert said.</p><p style="text-align:justify">Rather than implementing water trading markets and allowing the trading of water on futures markets, States should manage water as a public good, ensure sustainable management, and develop participatory climate change adaptation plans (as recommended by experts and the UN), in order to guarantee the human rights to safe drinking water and sanitation, he said.</p><p style="text-align:justify">"The harsh experience of the pandemic reminded us that water and sanitation are the cornerstone of public health. It is essential that States, the World Bank and the International Community understand that we are facing a democratic global challenge,” the UN expert said. “This challenge requires a public investment effort, not for profit, that guarantees leaving no one behind, drawing on the funds made available to implement the Green New Deal of the 21st century."</p><p style="text-align:justify">A simplified version of the report is also available in <a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version.pdf">English</a>, <a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-fr.pdf">French</a> and <a href="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf" title="https://www.ohchr.org/Documents/Issues/Water/annual-reports/a-76-159-friendly-version-sp.pdf">Spanish</a>.</p><p style="text-align:justify">Yesterday, a group of human rights experts issued a joint statement on the threat that financial speculation poses to the enjoyment of a range of human rights.</p><p style="text-align:justify">Please <a href="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&LangID=E" title="https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=27680&LangID=E">click here</a> to access the source.</p><p style="text-align:justify">Kindly click <a href="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf" title="/upload/files/friendly%20version%20risks%20and%20impacts%20of%20commodification.pdf">here</a> and <a href="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf" title="/upload/files/Risks%20and%20impacts%20of%20the%20commodification%20and%20financialisation%20of%20water%20on%20human%20rights%20to%20safe%20drinking%20water%20and%20sanitation.pdf">here</a> to access the report titled <u><strong>Risks and impacts of the commodification and financialization of water on the human rights to safe drinking water and sanitation</strong></u>.</p><p style="text-align:justify"><strong>ENDS </strong></p><p style="text-align:justify"><em>Mr. Pedro Arrojo Agudo (Spain) is the Special Rapporteur on the human rights to safe drinking water and sanitation, appointed in September 2020. He is Emeritus Professor of Economic Analysis at the University of Zaragoza and previously, served as an elected member of the Spanish Parliament during its eleventh and twelfth legislature from 2016 to 2019. </em></p><p style="text-align:justify"><em>The Special Rapporteurs, Independent Experts and Working Groups are part of what is known as the Special Procedures of the Human Rights Council. Special Procedures, the largest body of independent experts in the UN Human Rights system, is the general name of the Council’s independent fact-finding and monitoring mechanisms that address either specific country situations or thematic issues in all parts of the world. Special Procedures’ experts work on a voluntary basis; they are not UN staff and do not receive a salary for their work. They are independent from any government or organization and serve in their individual capacity.</em></p><p style="text-align:justify"><em>For more information and media requests, please contact Ms Ahreum Lee (<a href="http://ahreum.lee@un.org" title="http://ahreum.lee@un.org">ahreum.lee@un.org</a>). </em></p><p style="text-align:justify"><em>For media enquiries regarding other UN independent experts, please contact: In New York, contact Nenad Vasic (vasic@un.org, +1 917 941 7558). In Geneva: Renato de Souza (+41 22 928 9855 / <a href="http://rrosariodesouza@ohchr.org" title="http://rrosariodesouza@ohchr.org">rrosariodesouza@ohchr.org</a>).</em></p><p style="text-align:justify"><em>Follow news related to the UN’s independent human rights experts on Twitter @UN_SPExperts. </em></p><p style="text-align:justify"><em>Concerned about the world we live in?</em></p><p style="text-align:justify"><em>Then STAND UP for someone’s rights today.<br />#Standup4humanrights and visit the web page at</em></p><p style="text-align:justify"><a href="http://www.standup4humanrights.org" title="http://www.standup4humanrights.org">http://www.standup4humanrights.org</a></p><p style="text-align:justify"> </p>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'
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Water is not a commodity and financial asset to be exploited, says UN human rights expert |
--Press release by Office of the United Nations High Commissioner for Human Rights dated 20th October, 2021 GENEVA (20 October 2021) – Water is increasingly being treated as a mere commodity and even as a financial asset, a UN human rights expert told the UN General Assembly today, undermining the human rights to safe drinking water and sanitation and the sustainability of the environment. Pedro Arrojo Agudo, the Special Rapporteur on the human rights to safe drinking water and sanitation, said in a report that trading of water use rights in markets has eroded the notion of water as a common good and the State as a guarantor of the general interest. The UN expert also pointed out that water trading tends to treat the environment as just another user, and not as the basis of life, forcing States to purchase flows for environmental needs, and failing to address the roots of unsustainability. “I call on States to re-think the usefulness of water trading as a tool for managing scarcity, and to consult the public to determine whether water trading markets should be abolished or more strictly regulated,” Arrojo Agudo said. On the other hand, the recent entry of water as a commodity derivative on Wall Street futures markets aggravates the situation by subjecting water to the forces of financial speculation and to risks of speculative bubbles, not taking into account the demands of human rights and the sustainability of ecosystems, he said. “States should urgently take legal measures to prevent water from being subject to financial speculation in futures markets, potentially causing far-reaching consequences similar to those of the food and housing bubbles,” the expert said. Rather than implementing water trading markets and allowing the trading of water on futures markets, States should manage water as a public good, ensure sustainable management, and develop participatory climate change adaptation plans (as recommended by experts and the UN), in order to guarantee the human rights to safe drinking water and sanitation, he said. "The harsh experience of the pandemic reminded us that water and sanitation are the cornerstone of public health. It is essential that States, the World Bank and the International Community understand that we are facing a democratic global challenge,” the UN expert said. “This challenge requires a public investment effort, not for profit, that guarantees leaving no one behind, drawing on the funds made available to implement the Green New Deal of the 21st century." A simplified version of the report is also available in English, French and Spanish. Yesterday, a group of human rights experts issued a joint statement on the threat that financial speculation poses to the enjoyment of a range of human rights. Please click here to access the source. Kindly click here and here to access the report titled Risks and impacts of the commodification and financialization of water on the human rights to safe drinking water and sanitation. ENDS Mr. Pedro Arrojo Agudo (Spain) is the Special Rapporteur on the human rights to safe drinking water and sanitation, appointed in September 2020. He is Emeritus Professor of Economic Analysis at the University of Zaragoza and previously, served as an elected member of the Spanish Parliament during its eleventh and twelfth legislature from 2016 to 2019. The Special Rapporteurs, Independent Experts and Working Groups are part of what is known as the Special Procedures of the Human Rights Council. Special Procedures, the largest body of independent experts in the UN Human Rights system, is the general name of the Council’s independent fact-finding and monitoring mechanisms that address either specific country situations or thematic issues in all parts of the world. Special Procedures’ experts work on a voluntary basis; they are not UN staff and do not receive a salary for their work. They are independent from any government or organization and serve in their individual capacity. For more information and media requests, please contact Ms Ahreum Lee (ahreum.lee@un.org). For media enquiries regarding other UN independent experts, please contact: In New York, contact Nenad Vasic (vasic@un.org, +1 917 941 7558). In Geneva: Renato de Souza (+41 22 928 9855 / rrosariodesouza@ohchr.org). Follow news related to the UN’s independent human rights experts on Twitter @UN_SPExperts. Concerned about the world we live in? Then STAND UP for someone’s rights today. http://www.standup4humanrights.org
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