WATER SCARCITY RESOURCES
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At the 27th UN Climate Change Conference (COP27) in November 2022, world leaders gathered in Egypt to announce climate action initiatives and the steps each one planned to take to reduce the impacts of climate change in their respective countries. Among the leaders in attendance was U.S. President Biden, who outlined his goals and desires to double down on climate commitments relating to the water, food, energy nexus.
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By leveraging natural surroundings, Xylem’s manufacturing facility in Emmaboda, Sweden, can recycle 100% of the plant’s process wastewater with its new water treatment. The plant helps ensure a continuous supply of safe water, even in times of water scarcity, using Xylem’s water reuse technologies.
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I'm a big fan of author, reporter, and overall sharp-eyed observer Michael Lewis, author of Liar's Poker, The Big Short, Moneyball, and other explorations of the depths of economics and humans' capacity for brilliance...and greed. With a new wave of interest in water trading, facilitated by the Chicago Mercantile Exchange and NASDAQ listing water as a tradeable commodity, I'm very eager to get Lewis' take on what he sees.
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On April 11, the Biden administration released an environmental analysis on how the Upper and Lower Basin states should cut down on their Colorado River use. However, the plan gave three alternatives on how cuts should happen, and one of the country’s top water law experts, Gage Zobell, says there really are only two viable options.
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With the worsening scenario of water scarcity across major world economies, the need for deploying wastewater recovery systems stands crucial to ensure the availability of fresh water among the masses.
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With the rising emphasis on water conservation, the smart water metering market is set to witness commendable growth in the coming years, given the increasing product acceptance due to looming water security concerns.
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The UN 2023 Water Conference, one of the most significant water events of this or any year, was held March 22-24 at UN Headquarters in New York, co-hosted by the Kingdom of the Netherlands and the Republic of Tajikistan, with online attendance from around the world pushing attendance to 10,000. During the conference, more than 700 commitments to “driving transformation from a global water crisis to a water-secure world” were made as part of the Water Action Agenda — what the UN called its “key outcome.”
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Thomas Schumann is the founder of Thomas Schumann Capital. He is a sustainability pioneer and expert for water security investment and financial products, and a recent speaker at the UN 2023 Water Conference in New York from March 22nd (World Water Day) to the 24th.
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The UN Climate Conference (COP27) might be over, but it’s time to see if leaders will act on the commitments they made at the event. Many agreements emerged from the two-week summit, with countries committing to creating loss and damage funds, holding institutions and businesses accountable, providing financial support for developing countries, and limiting warming to 1.5°C. But what precisely are some countries holding themselves accountable to accomplish? Here are some of the top COP27 initiative takeaways by region of the world.
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After three years of extreme drought, the Western U.S. is finally getting a break. Mountain ranges are covered in deep snow, and water reservoirs in many areas are filling up following a series of atmospheric rivers that brought record rain and snowfall to large parts of the region. Many people are looking at the snow and water levels and asking: Is the drought finally over?