Securing a Sustainable Water Future in an Ever-Drier World
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A parched and burning Australia is just the latest evidence of the devastating impact of water scarcity. And it’s getting worse. New research from WRI shows that our use of this precious resource is on course to outstrip supply by an even larger amount than previously thought. Dive into World Resources Institute's research that culminated in the recent publication, Achieving Abundance. WRI Water experts will discuss what the findings reveal about the state of water security around the world and investigate what role investors can play. Learn more: https://www.wri.org/events/2020/03/webinar-securing-sustainable-water-future-ever-drier Download the report: https://www.wri.org/publication/achieving-abundance
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Securing a Sustainable Water Future in an Ever-Drier World
- 1. Securing a Sustainable Water Future in an Ever-Drier World 1 March 9, 2020 Webinar
- 2. IOM 2015 SPEAKER BIOS Antony Currie Associate Editor, Reuters Breakingviews Antony is an award-winning editor and journalist responsible for coverage of climate risk and sustainable finance at Breakingviews, the financial-commentary arm of Reuters. He also covers automakers, and still dips into previous beats including Wall Street, commercial banks, mergers and acquisitions and economics. He is particularly interested in the role water plays in ensuring a sustainable future, a topic he first became interested in as a graduate student. Antony lives in New York. Mina Guli CEO, Thirst Mina is a leading and passionate advocate for solving water scarcity and works with global organizations, governments and companies to achieve that. She inspired the #RunningDry movement with 100 marathons in 100 days to raise awareness of water-scarcity problems. And she founded Thirst as a grassroots education and innovation organization with over 1.4 million graduate students. She is currently based in Melbourne, Australia. Colin Strong Corporate Water Stewardship, Research Analyst I, World Resources Institute Colin is a Corporate Water Stewardship Analyst for the Water Program and Business Center. He works on the Aqueduct Project to assess water-related corporate risk and engage businesses in risk mitigation and water stewardship strategies. Colin also develops novel methodologies for water risk assessment and water resource valuation. Before joining WRI, Colin worked on the water team at Ross Strategic as an environmental policy consultant. He specialized in innovative financing for water infrastructure and infrastructure security for the water sector—working with US government branches including EPA, USDA, and DHS. Andrew Lee Head of Sustainable and Impact Investing, UBS Wealth Management Andrew joined UBS Global Wealth Management's Chief Investment Office in July 2012 and is Head of Sustainable and Impact Investing. He and his team support clients globally with advice, strategy and thought leadership on incorporating sustainability considerations into investments. Andrew also oversees the Americas thematic investing team. Andrew is based in New York. Prior to joining UBS, Andrew was Managing Director overseeing investments for a private New York based single family office.
- 3. Achieving Abundance: The Cost of a Sustainable Water Future 3 Colin Strong, WRI Paul Reig, WRI Sam Kuzma, WRI Sam Vionnet, Valuing Nature
- 4. SDG 6 SUMMARY Achieving Abundance: The Cost of a Sustainable Water Future
- 5. GLOBAL ESTIMATED COSTS Achieving Abundance: The Cost of a Sustainable Water Future
- 6. GLOBAL ESTIMATED COSTS Achieving Abundance: The Cost of a Sustainable Water Future
- 7. DEEP DIVE SCARCITY Achieving Abundance: The Cost of a Sustainable Water Future
- 8. GLOBAL ESTIMATED COSTS Achieving Abundance: The Cost of a Sustainable Water Future
- 9. Mina Guli, CEO, Thirst
- 23. For more information on… Sustainable Investing, visit ubs.com/SI Longer Term Investments, visit ubs.com/LTI
- 24. 24 Contact: Colin.Strong@wri.org Antony.Currie@tr.com Online Resources: WRI’s Achieving Abundance working paper Breakingviews Water, climate and finance e-book THANK YOU
Hinweis der Redaktion
- Easy to look at big numbers on a page but feel nothing. After all there are a lot of global problems, competing challenges, and issues which command attention - in boardrooms, at investment committee meetings and in policy discussions. Want to spend a few minutes talking about why the numbers and trends Colin has been talking about matter - not only to those farmers and communities affected by water scarcity, but to all of us. But first I want to give this water crisis a face, because it isn't just numbers on a page, it's lives of real people in real places.
- It affects kids like this in Beaufort West South Africa who stay home from school waiting for water to be delivered in plastic bottles on the backs of big trucks, and who stand at their gate watching as fights break out on the street over access to more water.
- In bigger cities like Capetown or Chennai they feel it too. Last year Chennai, India’s biggest city, ran out of water. Buildings in town closed down as without water there was no sanitation. Instead of going to work, people lined up in the streets to collect water that was brought in by train.
- In my home country Australia, we know what water scarcity looks like. We’re the driest inhabited continent on the planet. In towns like Walgett, water has run out. For sale signs litter the streets, and even businesses like the local store which has strong revenue, can’t find buyers because without water, what type of future is there. This isn’t just a single city problem. In rural NSW, 55 cities have run dry. Yes. 55.
- When towns and communities run dry, the impact isn’t just felt at our taps. It’s widespread. Over the last few years we’ve had one of the hottest and driest periods on record. Farmers have lost stock, crops haven’t been planted and the rural communities across the country have hurt badly.
- As most of you will have seen, earlier this year, Australia was on fire. We’ve just had the driest and hottest year on record. Temperatures were more than 1.5degrees above normal and unusual weather patterns wicked any moisture from the atmosphere and deposited it in flooding rain in Indonesia. Dry plant matter on the floor of the forests formed a powder keg and lightning storms ignited hundreds of fires across the nation. We watched as over a billion animals perished, hundreds of homes were lost and communities were devastated. The economic impact first of drought, and then of fire has been hard to calculate. But as the rains started to fall what has also become clear is that the impact of these fires will last for years or decades. Reduced plant cover will decrease the natural ability of green infrastructure to filter water and boost the water supply. And flame retardants that have been used on the fires are washing into and contaminating water bodies alongside the sediment and soot. We have been hit by the real impact of water scarcity, and the environmental, societal and economic impact has been felt hard.
- Sadly Australia is not the only place to feel the impact of increasing pressure on limited water resources. In Burgundy France, water restrictions have reached into some of the most famous winegrowing regions in the world.
- And in California, farmers like Mike Seeley have been told to rip out acres of hard fought for orange plants in order to reduce drain on overstressed underground aquifers.
- And at the Aral Sea, years of overuse of water from the river system to grow cotton and rice have caused the Aral Sea to lose 90% of it’s size.
- It’s easy to think that all these issues belong to a rural community or a small city somewhere on the other side of the world. But the reality is that with global supply chains, water issues in one place affect us in others too.
- Here’s how. Water goes into everything we use, buy and consume every day. From the food we eat to the clothes we wear. Just as an example – what you’re wearing today took more water to make than all the water you’ve drunk in your whole lifetime. Yes just that one outfit. And as our population increases, so does our demand for water – so much so that as Colin mentioned, the gap between demand and supply in the next 10 years is forecast to reach 56%.
- These facts are staggering. But what’s more staggering is that in many cases, the solutions are available – we just lack the money and the political will to implement them. In Australia’s case, 80% of the water savings can be generated in Agriculture – changes that amount to a total of 60% of the total cost of closing the gap. For a total of 1% of our GDP, we can achieve full delivery of sustainable water management. It’s a feasible and realistic investment opportunity if its properly prioritised.
- But it’s not. So what of the future? What’s the solution? We need public facing campaigns to push water up the political and corporate agenda. But simultaneously we need also to find a way to leverage investors and capital markets to help mobilise the technology and the solutions on the ground.
- Andrew – right now we see capital markets slow to move on water. How can we increase the incentives to invest in this sector so that we can scale at a speed and scale that is sufficient to help close the water gap?