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Graphic Truth: A world thirsty for peace
Happy World Water Day! This year’s theme, “Leveraging Water for Peace,” is a reminder that this precious shared resource can either spark conflict or foster peace. Nowhere is this more evident than in places where freshwater is shared between countries, known as transboundary aquifers, and 60% of the world’s flow traverses political boundaries, hydrating over 150 countries.
Much of the world’s freshwater comes from precipitation, which is increasingly impacted by climate change-induced droughts, heightening the risk of water-fueled conflict.
As water quantity drops, especially in places experiencing rising demand from rapid population growth, the competition intensifies. Nowhere is this more destabilizing than in countries sharing transboundary aquifers. Transboundary water cooperation is crucial for regional stability and conflict prevention. Yet only 24 countries have cooperation agreements for their shared water.
For World Water Day today, we take a look at some of the places that share H2O.
What will it take for the world to get serious about water?
Why did it take over twenty years for the UN's marquee climate conference to start talking about water? "It's undervalued and therefore, it's not getting the attention it deserves because people don't see the actual value addition of engaging with it," says James Dalton of the International Union for the Conservation of Nature.
"Roundabout 90% of global water policy is out of date," says James Dalton of the International Union for the Conservation of Nature. "We're effectively 40 years behind where we need to be on the policy calendar when it comes to being able to better manage our water resources."
He says that lack of attention has led humanity to "abuse the resource," overtaxing existing freshwater resources and exposing them to pollution. And as climate change threatens to create an even more dangerous and volatile water cycle, he asks, "can we get the direct action happening quickly enough before we really start to feel the pain of this?"
Dalton spoke at a GZERO Live event organized by the Sustainability Leaders Council, a partnership between Eurasia Group, GZERO Media, and Suntory.
Watch the full livestream conversation: The global water crisis and the path to a sustainable future
The world is way behind on water policy | James Dalton
When's the last time you remember a politician bringing up water policy on the campaign trail? It's far from the sexiest subject, but it absolutely merits discussion as climate change and overuse of water resources pose serious threats to the world's water systems.
"Roundabout 90% of global water policy is out of date," says James Dalton of the International Union for the Conservation of Nature. "We're effectively 40 years behind where we need to be on the policy calendar when it comes to being able to better manage our water resources."
The good news, he says, is progress is being made on frameworks to improve transparency around water policy and craft systems better suited to individual local needs. But he's worried about the technical skills required to manage complex sources like groundwater, and how competing interests will impact the development of new policy. Dalton spoke at a GZERO Live event organized by the Sustainability Leaders Council, a partnership between Eurasia Group, GZERO Media, and Suntory.
Watch the full livestream conversation: The global water crisis and the path to a sustainable future
Why businesses are leapfrogging governments on water issues
Water is an incredibly personal topic, integral to the lives and traditions of communities everywhere. That means companies must be very careful about how they use water resources, even those to which they are legally entitled, says Shari Friedman, Eurasia Group's Managing Director for Climate and Sustainability.
"If they're taking it away or they're polluting a source, it's something that's incredibly visible, as people use it," she said. "And it's something the press can pick up on pretty quickly, and it affects a company's license to operate."
That reputational risk has led some companies to start proactively rolling out plans to manage water use and keep sources clean and sustainable even in the absence of government regulations. But the government still has a role to play, said Friedman, pointing to emerging regulations around so-called "forever chemicals" and the European Union's attempt to improve river health by 2027.
She spoke at a GZERO Live event organized by the Sustainability Leaders Council, a partnership between Eurasia Group, GZERO Media, and Suntory.
Watch the full livestream conversation: The global water crisis and the path to a sustainable future
Water scarcity can sink a city, says expert Tanvi Nagpal
Who ends up paying for all the waste and losses from old, leaky water systems? Ordinary families. For the most part, they have no choice but to foot higher and higher bills just to keep access to the water they need to live.
However, failure to invest in water systems and keep costs low for consumers can lead to huge consequences, according to Tanvi Nagpal, water policy expert and consultant for Tetra Tech. For example, Jakarta's failure to keep its water system up with its population growth led people to dig wells to provide themselves with the needed water. The result? One of the largest cities in the world and an economic engine of southeast Asia is physically sinking into the ground.
"We must think through an approach where we believe that everybody should get water, not just because we deserve water, but because it's important for all of society that everybody get this access to clean water," she said at a GZERO Live event organized by the Sustainability Leaders Council, a partnership between Eurasia Group, GZERO Media, and Suntory.
Watch the full livestream conversation: The global water crisis and the path to a sustainable future
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Saving the planet is big business | Minoj Jain
Can saving the planet's freshwater be profitable? Most certainly, says Manoj Jain, investment director at Unison Capital.
"The material recovery conversion of waste and plastic into fuel, desulfurizing the air, the flue-gases, all this is very profitable business," he said at a GZERO Live event organized by the Sustainability Leaders Council, a partnership between Eurasia Group, GZERO Media, and Suntory.
Creating a circular economy that minimizes waste drives his investment decisions, seeking out emerging technologies to help the world push past outdated production methods. Hear more about how solving water scarcity can create economic growth here.
Watch the full livestream conversation: The global water crisis and the path to a sustainable future
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Graphic Truth: When it comes to freshwater, Canada is king
Water covers 71% of the Earth’s surface, but good ol’ H2O is a much more precious resource than it appears.
Less than 0.8% of Earth’s water is freshwater in lakes, rivers, or underground aquifers. And much of that already tiny fraction has been rendered unusable by pollution or is lost to poor management and inefficient agricultural practices. What’s worse, climate change and overexploitation of existing water resources mean that communities from California to Cambodia are struggling to provide safe water at an affordable price.
The good news for Canadians is that they have an absolute abundance of fresh water, more than 74,000 cubic meters of renewable water per person – enough for each to fill 20 Olympic-sized swimming pools!
It far outstrips peer economies in the G-7, as well as Brazil, Russia, and China, who along with the United States and Canada constitute the five countries with the most freshwater in absolute terms. Americans can fill a bit over two Olympic pools each, but none of their peers in Western Europe could even fill one.
But here’s the bad news: Freshwater is not easy to move, as Americans in Western states can tell you. Folks in Michigan have plenty (though, as Flint’s experience showed, not all of it is safe to drink), but keeping a green lawn and a full pool in LA is going to cost you a hefty chunk of change.
So what’s the solution? As discussed at a GZERO Live event sponsored by Suntory last week, the low-hanging fruit is agriculture. A whopping 90% of the freshwater humans use today is for irrigation farming, where much of it is lost to evaporation or seeps into the ground without nourishing crops. More efficient techniques and equipment can help farmers achieve the same yields with less water — but they will need financing and proper policy support too.Water scarcity: How Suntory is optimizing for beverage production
You won't be surprised to hear that companies that make drinks need a lot of water. Suntory, one of the leading beverage producers in the world, is no exception. However, they have come up with an exceptional response to the issue, according to Shigeaki Kazama , Executive Officer and Division Deputy COO of the Sustainability Management Division at Suntory Holdings..
To offset the water Suntory draws from Japan's underground aquifers, they manage a vast system of forest preserves. They help recharge the resource by maintaining a cool, wet environment that allows groundwater to seep back into the earth rather than run off or evaporate.
"We now manage 22 forest areas that total over 12,000 hectares, which recharge twice the amount of groundwater that we take for our production in Japan," he said during a GZERO Live event organized by the Sustainability Leaders Council, a partnership between Eurasia Group, GZERO Media, and Suntory.
Watch the full livestream conversation: The global water crisis and the path to a sustainable future
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