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August 2009

Water Scarcity: A Critical Climate Change Challenge for Business

Grayson_Lynn_COLORBy E. Lynn Grayson

 

While reduction of greenhouse gas emissions is the best known, most often debated climate change challenge, water scarcity is emerging as the more significant concern confronting the international environment. A report recently released by Ceres and the Pacific Institute, Water Scarcity & Climate Change: Growing Risks for Business & Investors, details the risks posed by the declining availability of water resources throughout the world.[1] The Ceres/Pacific Institute report concludes that climate change will exacerbate these water risks, especially as the world population grows by an expected 50 million a year. This report supports other recent findings from the Intergovernmental Panel on Climate Change concluding that global warming will lead to changes in all components of the freshwater system and that water and its availability and quantity will be the main pressures on, and issues for, societies and the environment under climate change.[2]

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