HOSTED BY VOLVO CONSTRUCTION EQUIPMENT
Cop23: Water infrastructure investment must triple to combat climate change
As the COP23 climate conference, commences in Bonn, the World Water Council (WWC) has reported that financial investment into water infrastructure needs to triple to €255 bn annually to combat climate change and meet sanitation targets. The climate summit in Bonn has designated 10 November as Water Action Day and will explore the relationships between climate change, human wellbeing and water security.
According to the WWC, €100bn will be needed annually to create adequate new water infrastructure, while a further €155bn will be required to improve current equipment so that systems can adapt to changing climates and mitigate the threats of global warming.
The UN indicates that around 80% of countries have insufficient funding to meet national requirements and targets for drinking water and sanitation. WWC has called on governments and investors to prioritise finance for new water infrastructure as well as operating and maintenance coverage.
Globally, it is estimated that the cost of water insecurity has reached $500bn annually, and despite most nations increasing budgets for water management the WWC claimed that many will fail to comply with goal Six of the Sustainable Development Goals (SDGs) – ensuring availability and sustainable management of water and sanitation for all.
“Initially climate change was just seen as something we had to deal with. Now it is increasingly seen as an opportunity to push water up the agenda because we believe that most water supply and sanitation actions are climate resilient,” said the African Development Bank.
A recent report from the Carbon Disclosure Project (CDP) outlined the severity of water scarcity. The key figure from the report was the notion that 80 cities are seeking $9.5bn in investment to cover 89 water projects that are ‘urgently needed’ to combat water stress.
Specifically, the report noted that if infrastructure issues aren’t addressed, an increase in population means that London could suffer from a daily water deficit of 520 million litres of water.
As well as investment into new infrastructure, a systems re-think could relieve some of the pressure. Multinational banking group ING claim that the adaptation of circular economy methods in water-stressed regions could save 412 billion cubic metres of water each year, the equivalent to 11% of annual global water demand.
Is COP23 ignoring the carbon emissions involved in constructing buildings?
In fighting climate change, much has been said about energy efficiency in buildings. What about the carbon emissions involved in constructing buildings in the first place, asks Francesco Pomponi., an expert on embodied carbon at Edinburgh Napier…
COP23: IEA report points to global shifts in the energy system
The latest World Energy Outlook report published by the International Energy Agency to coincide with the COP23 conference in Bonn, points to four large-scale shifts in the global energy system. The report highlights the rapid deployment…
15,000 scientists issue “warning to humanity” about climate change risks
In the midst of the COP23 summit in Bonn, adire “warning to humanity” about the dangers to all of us has been written by 15,000 scientists from around the world. The message updates an original warning…
COP23: world leaders urged to strengthen renewables action plans
At the COP23 Summit in Bonn a wide-ranging coalition of businesses, NGOs, and energy industry experts have presented a raft of new measures designed to accelerate the roll out of renewable energy technologies globally. To mark the…