Unless sustainable water resource management practices are implemented, more than half of the world's population will be exposed to severe water scarcity by 2050, according to a new report.
According to research by Veolia Water -- a Chicago-based firm that specializes in water and wastewater services, naturally -- and the International Food Policy Research Institute, water scarcity is as much an economic issue as it is an environmental one.
The authors write:
The efficiency of water management and our ability to sustain population and economic growth are inextricably linked. [...]
Today, 36% of the global population — approximately 2.4 billion people — already live in water-scarce regions and 22% of the world’s GDP ($9.4 trillion at 2000 prices) is produced in water-short areas. Moreover, 39% of current global grain production is not sustainable in terms of water use.
According to IFPRI’s analysis, current “business as usual” water management practices and levels of water productivity will put at risk approximately $63 trillion, or 45 percent of the projected 2050 global GDP (at 2000 prices), equivalent to 1.5 times the size of today’s entire global economy. Moreover, 4.8 billion people (52 percent of the world population) will be exposed to severe water scarcity by 2050.
This dire scenario will, in turn, have a significant impact on investment decisions, increase economic and operational costs, and affect the competitiveness of certain regions.
It's not just a warning, either: in China, India and other emerging economic powerhouses, water scarcity has already started to "materially risk growth." More than 1.4 billion people live in areas of high water stress in those two countries, the authors write.
But sustainable practices can help. Worldwide, more than 1 billion people -- and about $17 trillion of grodd domestic product, or GDP -- could benefit from smarter water utilization. To boot, the number of children projected to suffer from malnourishment would drop 21 percent, according to the study.
More data points:
The authors outlined four strategies with varying degrees of predicted water efficiency.
Those are, in order of efficiency from least to greatest:
The big lesson here: water conservation is increasingly a business decision, even for those businesses that don't directly deal with it, such as the food and beverage industry. (You can read the entire report here, as a .pdf.)
So what's the answer? The authors suggest campaigns for greater public awareness; higher levels of water reuse; improvements in water technology; upgrades to water and wastewater infrastructure; services for rural and urban poor populations; and greater energy efficiency and increased use of renewable energy.
Great ideas, all of them. But how will we get there?
More from World Water Day on SmartPlanet:
This post was originally published on Smartplanet.com