World Bank Report on Climate, Water, and the Economy

The World Bank has released a new report entitled, “High and Dry:  Climate Change, Water, and the Economy.”  The report shares key findings and recommendations for water management policies and investments across the globe to address negative climate impacts on water and the economy.  Some of the report findings include:

  • Water scarcity, exacerbated by climate change, could cost some regions up to 6 percent of their Gross Domestic Product (GDP), spur migration, and spark conflict.
  • The combined effects of growing populations, rising incomes, and expanding cities will see demand for water rising exponentially, while supply becomes more erratic and uncertain.
  • Improved water stewardship pays high economic dividends. When governments respond to water shortages by boosting efficiency and allocating even 25 percent of water to more highly-valued uses, such as more efficient agricultural practices, losses decline dramatically and for some regions may even vanish.
  • Policies and investments that can help lead countries to more water secure and climate-resilient economies include:
    • Better planning for water resource allocation
    • Adoption of incentives to increase water efficiency, and
    • Investments in infrastructure for more secure water supplies and availability.

Visit the web site for more information and to read the press release, download the report, and view the related video.

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