A two-day water leadership forum on the challenges that industries face in a more water-stressed world opens tomorrow in San Diego, attracting policy-makers and executives from the energy, fracking and power sector.
Bloomberg New Energy Finance is hosting its first water forum as part of an examination the London-based research group is making of the global challenges that businesses face at a time when water plays a larger role in resources planning.
Studies show that from 2015 to 2025 the average country expenditure on water infrastructure will increase by almost 30 percent when “all of the Middle East and North Africa, sub-Saharan Africa and South Asia will be severely stressed for freshwater resources,” BNEF said.
China and the U.S., both suffering from drought this year that pushed food prices higher, “will face high stress levels” during that period, said BNEF, a unit of Bloomberg LP. Average per capita consumption of water in the U.S. is four times that of China or India, the most populous nations, it said.
The meetings open tomorrow by discussing the need for more integrated planning amid regional water scarcity issues by the municipal, power and agriculture sector and a look at managing water risks by companies to minimize exposure to water scarcity.
The forum closes on Oct. 24 with sessions on water and power, “war games” and looking at water and its role “front and center in the shale industry.”