WB Report assesses impacts of water scarcity on economy and conflicts
The World Bank released a new report “High and Dry: Climate Change, Water, and the Economy”, explaining risks and impacts of water scarcity exacerbated by climate change on economic growth, migration and conflicts.
The report shows that both regions currently aboundant or short-supplied by water can face water scarcity due to climate impacts and increasing demand for water. Water insecurity can affect cities’ economy, people’s lives and jobs, and also spark new conflicts and migrations.
However, the negative impacts and risks can be prevented through better policies and water management measures: a far-reaching water resources planning allocation, incentives for water efficiency and investment in infrastructures are necessary to address the problem.
Read more: World Bank’s website