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It Could Only Cost 1% of GDP to Solve Global Water Crises

 

Statistics on global water challenges are daunting: 3 billion people don’t have basic handwashing facilities. A quarter of the world’s population live in countries facing extremely high water stress. There are more than 500 dead zones — areas of the ocean without enough oxygen for most marine life to survive — from untreated wastewater.

The solutions to world’s water crises, though, cost far less than you might think. New WRI research found that securing water for our societies by 2030 could cost just over 1% of global GDP —about 29 cents per person, per day from 2015-2030.

And the economic benefits outweigh the costs. Every dollar invested in water access and sanitation yields an average $6.80 in returns. The World Bank found that failing to implement better water management policies could result in regional GDP losses from 2-10% by 2050.



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