![]() During Egypt’s COP27 presidency, you might expect a focus on water and climate adaptation as key priorities for multi-stakeholder actions and partnerships between governments, businesses, innovators, and other important actors. That will affect Africa and other climate-vulnerable regions acutely. The Intergovernmental Panel on Climate Change reports that 3 billion people could face physical water scarcity with 2C of global temperature rise. Water plays a key role in meeting the goals of the Paris Agreement and in supporting science-based global climate action. The same alertness that is paid to carbon emissions is needed for the water side of the equation. ![]() For investors, this means that water is a crucial sustainability issue to watch.ĭespite the paramount importance of water, the risks that water scarcity or poor quality pose to economies and businesses have received less attention from investors than they deserve, when compared with carbon. According to the World Bank, failure to implement better water-management policies has the potential to reduce spur migration and spark conflict. But they are facing increasing competition with each other, and with communities and ecosystems, for water, especially at locations with high or severe water stress. ![]() Businesses and their supply chains rely on water, too. ![]()
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