Water is essential for life, whether to irrigate crops, to manufacture goods, or for drinking, washing and cleaning. But the intensification of climate change, a growing population and increasing demands from cities, agriculture and industry – coupled with poor water governance – is driving acute water shortages around the world.
The World Bank predicts that by 2050 this scarcity will deliver a significant hit to the economies of Africa, central Asia and the Middle East, taking double digits off their GDP.
To address these challenges and ensure that every person, country and business has enough, it is essential to determine the true value of water throughout the supply chain. But how?
This was the question debated during a panel discussion, hosted by the Guardian and supported by SABMiller, at the World Water Week conference in Stockholm, Sweden, which was organised in association with the Stockholm International Water Institute (SIWI).