While it may seem that the era of investing in water resources is now receding into irrelevance, there are ominous signs on the horizon. With climate change pressing down upon us, and thus with low-lying coastal areas and floodplains suddenly increasingly threatened, the time may not be far off when the nation will once again consider spending large sums in the effort to avoid serious harm. The insights from past debates will be important to that unwelcome future.
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