Some people say that water is the oil of the 21st Century. If only water were that simple.
Water is very complicated. It’s affected by large-scale issues like climate change and globalization. International commerce moves virtual water (the water it takes to grow or produce a product) from farms in Brazil to grocery stores in China and Egypt.
But water is also inherently local, impacted by site-specific weather, geography, and other environmental and land use conditions. Managing and using water, then, requires understanding it in its full geographic context.
Today, WRI is launching its new Aqueduct mapping tool to do just that. Aqueduct provides businesses, governments, and other decision makers with the highest-resolution, most up-to-date data on water risk across the globe. Armed with this information, these decision-makers can better understand how water risk impacts them—and hopefully, take actions to improve water security.
This story is part of the “Aqueduct Sneak Peek” series. Aqueduct Sneak Peek provides an early look at the Aqueduct team’s updated global water risk maps, which will be released in January 2013.
The days leading up to Hurricane Sandy’s landfall were a testament to the power of global data systems in helping to understand and manage risks that natural phenomena can create. A vast, worldwide network of weather monitoring stations and sophisticated remote sensing allowed meteorologists to track and predict Sandy’s progress—and give ample warning to those of us in the hurricane’s path.
The map below is one way to visualize the global data network that makes such analysis possible. It shows Integrated Surface Database (ISD) stations, a widely distributed network of weather stations that all report regularly to a centralized hub.
This piece was co-authored by Lijin Zhong, Senior Associate from the WRI China office
The Yellow River has played a critical role in the growth and prosperity of Chinese civilization for thousands of years. But today, the Yellow and the people who depend on it face severe challenges. Stress of limited water resources, pollution, and flooding pose significant risks to communities and businesses that rely on the river. As these stresses grow, China’s water managers and users face the daunting challenge of implementing policies that balance economy, ecology, and community.
There is no shortage of troubling statistics to prove that water management is a global challenge. About 1.2 billion people currently face water scarcity, and a population expected to grow to 9 billion by 2050 will put increased strain on already pressured water supplies worldwide.
But while the water challenge is truly global, it also demands solutions that are tailored to local conditions. Availability, use, and quality of water vary dramatically from place to place.
They also teach another lesson: Natural resource challenges like water scarcity cannot simply be viewed as environmental issues. They are real, material drivers of risk that governments, businesses, and investors must carefully consider in the context of the global economy.
This piece was authored by Jon Freedman, Global Government Relations Leader for GE Power & Water. It originally ran on May 12th on GreenBiz.
Last weekend, Jessica Yu's new water documentary "Last Call at the Oasis" took us on tour of the impacts water scarcity is creating around the globe, from the parched pastures of Australia's farmlands to the sewage-polluted banks of the Jordan River. This film shines a much-needed light on the various water challenges we all now face at a critical time. The numbers alone are eye-opening.
If current water usage trends continue, by 2025, two-thirds of the world's population -- or 5.3 billion people -- will be vulnerable to water shortages. What many here in the U.S. may not know is that we are far from immune to water stress. One need look no further than Texas, where a record-breaking drought last year created massive water shortages that significantly impacted the state's water supplies, agriculture and industry.
For many companies, water issues have recently migrated from corporations’ social responsibility departments to finance and risk management departments. Companies have been reporting a growing exposure to water-related risks like flooding and pollution, and many have already started to experience water-related business impacts.
This trend prompted WRI’s Markets and Enterprise Program to build a tool to help companies and investors identify water-related risks across their operations or portfolios. The tool, named the Aqueduct Water Risk Atlas, is based on an indicator framework that quantifies and maps different drivers of water risk, otherwise known as the Water Risk Framework. After testing this framework in various regions, WRI recently released its revised version. This updated framework will eventually be used to assess water risks in every part of the world.
Let me ‘fess up. The state of the environment sometimes gets me down. But to be fair, Earth’s vital signs would drive any respectable emergency room doctor into a state of utter panic. Globally, two thirds of ecosystem services, such as freshwater, pollination, natural hazard regulation, have been degraded in the past 50 years. Annual rates of growth in yields of many basic crops have declined over the past 20 years. The effects of global climate change are already being felt around the world.
But attending the Ceres annual conference this week gave me a refreshing dose of optimism. Ceres, a coalition of investors, environmental organizations, and other public interest groups, drew together hundreds of businesses, investors, and non-profits to share innovative approaches for corporate sustainability. Here are three rays of hope from the conference.
Around the world and throughout every sector of the economy, companies and investors are increasingly aware of risks associated with their dependence on fresh water. For example, a recent report by the Carbon Disclosure Project’s Water Disclosure branch looked at water-stressed South Africa and revealed that 85% of water-intensive companies in the country are exposed to water risks, with 70% expecting to face water impacts to their operations within the next five years.
A Proliferation of Tools
In response to the growing urgency of water risk, there has been a proliferation of tools, frameworks and surveys aiming to help companies, investors and others understand and respond to these water risks. The different tools and approaches provide a valuable diversity of expertise and a better understanding of the nature of water stress, but it is not always clear which tools should be used by whom, for what, and how they overlap or complement one another.