In the last week of January, the World Economic Forum held its annual meeting 2011 in Davos, Switzerland, to discuss the economic situation and future of the world.
Investments in water security was one of the main topics, and the Forum has created a Global Agenda Council on Water Security providing thought leadership to the Forum’s activities and events on the topic of water security. Also a new book “Water Security“, was launched by a group of CEOs from Nestle, Coca Cola, SABMiller and others, sought to highlight how resolving water scarcity underpins our ability to secure food and energy stability.
When GWP summarises recommendations for development, investment in water security is one of the five “I”s that are pivotal to building a water secure world, especially in the face of climate change. The other “I”s:
Integration: which recognises the importance of Integrating water resources management with national development planning and all sectors (agriculture, energy, health,etc.).
Information: we’ve got to have more information and better information about climate and water in order to know where to make the investments.
Infrastructure: water security requires “hard” infrastructure such as water storage and “natural” infrastructure such as wetlands.
Institutions: these need to be built and strengthened. Some people argue that this is the most important of all. If we don’t have competent governance, the rest is down the drain, if you’ll pardon the pun.
Water security is a real issue and it will be interesting to see how—whether!—global leaders will bring it forward.