If there is one natural resource that all life on Earth depends on, it’s water.
In a new report, The Economics of Water: Valuing the Hydrological Cycle as a Global Common Good, the Global Commission on the Economics of Water warns that, unless water resources are urgently conserved and the destruction of ecosystems is stopped, more than half the world’s food production will be at risk of failing within the next quarter century.
“The world faces a growing water disaster. For the first time in human history, the hydrological cycle is out of balance, undermining an equitable and sustainable future for all,” the authors of the report’s executive summary wrote. “Decades of collective mismanagement and undervaluation of water around the world have damaged our freshwater and land ecosystems and allowed for the continuing contamination of water resources. We can no longer count on freshwater availability for our collective future.”
Water scarcityalready impacts half …