Rosedale-Rio Bravo Water Storage District (Rosedale) and Environmental Defense Fund (EDF) announced a joint pilot project today to build the first online, open-source groundwater trading platform in the Central Valley in response to the Sustainable Groundwater Management Act.
An early design of the trading platform, which is being co-created by landowners, Rosedale and EDF, will be available in September. The platform will be further tested and refined this fall during a series of workshops and mock trading sessions prompted by various scenarios.
The preliminary schedule calls for a beta version of the platform to go live in early 2020 for the landowner group to test with real trades. A final version will go live for landowners in the Rosedale district in 2021.
Click to continue reading at the Environmental Defense Fund here: EDF and Rosedale-Rio Bravo Water Storage District to Build New Groundwater Trading Market