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Cities & Companies Team Up to Tackle Water Crises

Adela Suliman - Thomson Reuters Foundation
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September 2, 2017
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Mexico's vast capital — Ciudad de México, the largest city in the Americas — is under threat from a severe water crisis. (The Daily Conversation)

With rising urban populations and ever scarcer water supplies, cities and companies are teaming up to invest billions of dollars in water management projects, a report said this week.

Around two thirds of cities from London to Los Angeles are working with the private sector to address water and climate change stresses with 80 cities seeking $9.5 billion of investment for water projects, according to a report by the Carbon Disclosure Project (CDP), a non-profit environmental research group.

Water investment opportunities are greatest in Latin America, with Quito in Ecuador seeking $800 million to manage its water supply, including building three hydropower stations and cleaning up its contaminated rivers and streams.

The cities most concerned about their water supply lie in Asia and the Pacific, the report found, with serious risks also identified in Africa and Latin America.

The key issues for cities include declining water quality, water shortages and flooding.

Read the rest at Thomson Reuters Foundation


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