When you think climate change, you need to think about water
With nearly a half its land lying below sea level, the Netherlands knows a lot about water and how to make sure a city’s infrastructure is resilient to it, particularly flood risks and freshwater supply. Arcadis, a Dutch engineering firm, is applying that knowledge to cities around the world by creating infrastructures with sustainability at the forefront, such as water recycling facilities inside manufacturing companies in Mexico.
While a growing number of companies such as Arcadis are creating solutions and investing in ways to combat climate change issues, there's still untapped potential for water investment, according to industry experts participating in the recent GreenFin virtual event.
"The global need for freshwater is set to grow exponentially. Meanwhile, many urban water systems are in dire need of repair," said Seb Beloe, head of sustainability research at WHEB Asset Management. "Add in desalination, agriculture and wastewater management, and water stands to become one of the world’s biggest capital-growth opportunities."
The United Nations projects that by 2030 global demand for freshwater is expected to surpass supply by 56 percent. The Nasdaq Veles California Water Index (NQH2O), which tracks the price of water rights across California’s farm belt, jumped nearly half during the first two weeks of April due to the short rainfall this winter season. Meanwhile, eight of the top cities in the U.S. are facing water scarcity due to contaminated waterways.
The global need for freshwater is set to grow exponentially. Meanwhile, many urban water systems are in dire need of repair.
At GreenFin 2021, investors shared their insights as to how they are profiting off water risk investments. #globalwarming #climatechange #carboncompensation #bluesky #climateemergency #climatecrisis #blueskye #blueskyefoundation #compensate #greentechexchange #zerocarbon #climatenews #blueskyelife
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