Growing Demand for Water
The Organization for Economic Cooperation and Development (OECD) forecasts that by 2050, nearly 4 billion people will be living in river basins that are under severe water stress. In addition, they predict that the global financing needs for water infrastructure (not including irrigation and energy) will range from US$6.7-22.6 trillion between 2030-2050. The World Bank Group’s recent report on global water supply and sanitation services estimates that approximately US$1.7 trillion (in present value terms) is needed to reach the Sustainable Development Goal (“SDG 6”) of “Safe Drinking Water for All” by 2030
