Check out our collection of photos, videos and tweets of World Water Week 2016.
Fresh water touches every part of daily life—from drinking water and sanitation, to agriculture and energy production. Unfortunately, for nearly half of the world’s population, water scarcity is a growing issue with devastating impacts to our communities, economies and nature. In the past, countries have primarily turned to more supply-side infrastructure, including reservoirs and canals, as solutions to increasing water demands. But we can no longer build our way out of scarcity. We must find ways to do more with less, and impact investment can provide a catalyst for revolutionary changes in water management.
Water markets can be a powerful mechanism for alleviating water scarcity, restoring ecosystems and driving sustainable water management. Water markets are based upon water rights which can be bought and sold, enabling water to be transferred from one user to another. A well-managed water market provides economic flexibility, encourages water saving measures and brings a variety of stakeholders to the table to find balance between the water needs of people and nature.
The Nature Conservancy’s new report, “Water Share: Using water markets and impact investment to drive sustainability,” explores the potential for water markets and impact investment to serve as part of the solution to global water scarcity. Water markets, when paired with creative investment solutions including The Nature Conservancy’s concept of Water Sharing Investment Partnerships, can help provide a more water-secure future for cities, agriculture, industries and nature.
This week, the 2015 Paris Climate Conference, or COP21, will gather countries that want to take action for the climate. A central topic of these discussions will focus on the intersection of water and climate change.
Combating climate change is everyone’s business. Reducing emissions and investing in renewable energy, improving city planning and building design standards, developing more efficient transportation, and reducing deforestation (among others) all play key roles in mitigating the effects of climate change. At the same time, countries, and industries, will also need to adapt to changes in the climate as they unfold. Since climate change will significantly increase the variability of rainfall, different parts of the world will become more vulnerable to floods or droughts.
“Water scarcity and variability pose significant risks to all economic activities, including food and energy production, manufacturing and infrastructure development,“ said Laura Tuck, World Bank Group Vice President for Sustainable Development during a recent press conference at COP21. “Poor water management can exacerbate the effects of climate change on economic growth, but if water is managed well it can go a long way to neutralizing the negative impacts.”
The cost of solar technology has come down, way down, making it is a viable way to expand access to energy for hundreds of millions of people living in energy poverty. For farmers in developing countries, the growing availability of solar water pumps offers a viable alternative to system dependent on fossil fuel or grid electricity. While relatively limited, experience in several countries shows how solar irrigation pumps can make farmers more resilient against the erratic shifts in rainfall patterns caused by climate change or the unreliable supply and high costs of fossil fuels needed to operate water pumps. Experience also suggests a number of creative ways that potential water resource trade-offs can be addressed.
Water security is a major challenge for many countries, especially developing ones. The numbers tell a story of water resources under stress while competition for their use is increasing – by 2025, about 1.8 billion people will be living in regions or countries with absolute water scarcity. Clean water and adequate sanitation is still far from reach for many of the world’s poorest. At the same time, more water is needed to produce food and energy to satisfy the rising needs of the earth’s growing population.
For the first time, the International Water Resource Economics Consortium (IWREC) held its annual meeting at The World Bank from September 7-9, 2014. The meeting, an annual gathering of water economists, serves as a place to exchange the latest information and research findings in the field.
As a practice there has been a lot of attention recently on innovation in the water sector. And while innovation might mean using new technology to help solve old problems, it also means looking at a problem from a different angle to find possible solutions. In this post from Sana Agha Al Nimer, Senior Water Specialist at the World Bank, she shares her firsthand account of how speaking to children about water issues is a powerful tool for the sector.