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With global water resources under ever-increasing stress, a new report from WWF, ING and The Boston Consulting Group (BCG) calls for urgent efforts by corporates, investors, governments and NGOs to deliver sustainable, bankable freshwater projects, which will help improve water security, create financial value and enhance the health of the world's river basins.
Released today at the Financial Times Water Summit in London, Seizing the Water Opportunity details how private and public capital can join forces to boost global efforts to achieve the Sustainable Development Goal of water for all, securing a critical lifeline for societies, economies and the bottom lines of firms and financiers.
Investment - Freshwater - Projects - World - Water
"Without substantial investment in sustainable freshwater projects, the world's water crisis will only get worse – increasing water shortages, degrading precious ecosystems, and putting businesses at risk of drying and drowning assets," said Aaron Vermeulen, WWF Global Lead Finance and Freshwater. "The only way to secure sufficient investment is by leveraging the power of the private sector. But individual bankable projects must be part of a broader river basin approach, which also includes improvements to freshwater governance and blended finance mechanisms."
The Organization for Economic Co-operation and Development (OECD) estimates that US$1 trillion needs to be invested each year in water infrastructure alone to secure water for all. For companies and private sector investors, this presents an opportunity to improve sustainable water resource management and mitigate water risk while also generating solid financial returns.
Freshwater - Bodies - Europe - Pressure - Dam
Freshwater bodies both in Europe and globally are under growing pressure from dam development, climate change and soaring demand for water to irrigate farms and fuel hydropower plants. In Europe, only 40 percent of European surface waters are currently considered healthy (EEA, 2018), despite the EU Water Framework Directive's legal obligation to protect and restore Europe's freshwater bodies. This strong law must be used to...
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