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Water Trumping Carbon Spreads $17 Billion Market

Desalination equipment orders are forecast to triple over five years to become a $17 billion business, driven by breakthroughs in energy savings and demand by cities and industry.

Investment in installations that make drinking water from the sea will jump to a record in 2016 from $5 billion last year and $8.9 billion in 2012, according to forecasts by Global Water Intelligence, an industry consultant. While that’s a fraction of spending on carbon-free energy generation, it’s gaining traction among managers of environmental services funds.