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21/01/2023

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10/01/2023

Investing in water can take various forms, including buying stock in a water company or utility, or investing in a basket of stocks known as an exchange traded fund (ETF). The S&P Global Water Index, which tracks 50 companies involved in water-related businesses, has modestly outperformed the S&P Global Broad Market Index since its launch in 2001. Water ETFs include First Trust Water, Calvert Global Water Fund A Shares, Invesco Water Resources, Invesco S&P Global Water Index and Ecofin Global Water. The case for investing in water is driven by the need to provide enough fresh water to meet the growing global demand for clean water amid the challenges of climate change. Increasing population and living standards in developing countries create demand for water in agriculture and manufacturing, as well as for safe drinking water. This creates investment opportunities in utilities and technologies for drinking water treatment, water supply networks, water quality, used water reclamation, industrial wastewater treatment and so on.

Sourced from https://news-decoder.com/decoder-investing-in-water-isnt-money-down-the-drain/

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Turn on the tap, and the world's most valuable commodity pours out. To fight climate change maybe we need to invest in water like we invest in stocks.

10/01/2023

Northern California's Bay Area is under a flood watch as heavy rains are expected to continue throughout the region this week. While the rains may replenish the state's depleted water reservoirs, they also pose a threat to property, natural resources, and human life. The storms have brought flooding to some parts of the state and have also boosted California's snowpack. However, state officials warn that the state needs above-average precipitation throughout the rest of its wet season in order to reach 100% of average runoff and overcome the deficits caused by previous dry years. These extreme weather events are a result of California's changing climate and the swings between wet and dry periods it brings.

Sourced from https://mv-voice.com/news/2023/01/05/state-water-officials-cautiously-optimistic-that-atmospheric-river-could-improve-drought-conditions

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Extreme rain is boosting California's snowpack. But the same storms are bringing flooding to other parts of the state.

10/01/2023

The US Environmental Protection Agency (EPA) has provided a $500m loan to the New Jersey Infrastructure Bank to modernize wastewater and drinking water systems throughout New Jersey. The loan is the first to be issued through the State Infrastructure Financing Authority Water Infrastructure Finance and Innovation Act (SWIFIA) program, which provides funding to state infrastructure financing authority borrowers. Over 90 communities in New Jersey will receive the funding, which will be used to remediate contaminated groundwater, replace lead service lines, and install filtration systems to protect drinking water from PFAS contamination. The funding will also be used to help communities comply with regulatory requirements, manage flooding, and improve climate change resilience.

Sourced from https://www.epa.gov/newsreleases/epa-announces-500-million-loan-modernize-wastewater-and-drinking-water-infrastructure

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EPA News Release: EPA Announces $500 Million Loan to Modernize Wastewater and Drinking Water Infrastructure in New Jersey

10/01/2023

Australia's Prime Minister, Anthony Albanese, has announced a goal to increase the amount of renewable energy in the country's electricity grid to 82% by 2030. According to OpenNEM, the January – June 2022 half year was the best for renewable energy consumption, making up 32% of the market.
However, energy and resource law expert Penelope Crossley warns that the government will need to double investment in order to meet this target and reach its climate goals.

Sourced from https://www.1news.co.nz/2023/01/02/australia-slowly-moving-towards-renewable-energy/

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It comes as power prices are forecast to rise by 50% in the next two years.

10/01/2023

Climate adaptation means preparing our ecological, social and economic systems so they can cope the future impacts of . Heatwaves, storms, wildfires: the cost of climate change are already mounting, but so far only 20% of climate finance has gone towards adaptation. It is set to cost developing countries to up to $500 billion a year by 2050. Today the annual figure spent is just $79.6 billion.

We have both a moral imperative and a clear economic case for supporting low-income countries to adapt to the climate crisis. Bringing the expertise and resources of the public and private sectors together, working with governments, could save millions of lives and billions in disaster response, and slow climate migration. Without it, what is happening in will happen to the rest of the world.

Sourced from https://www.weforum.org/agenda/2023/01/davos23-climate-adaptation-finance-gap-and-save-millions-of-lives/

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COP27 could end up being a missed opportunity to tackle climate adaptation unless the public and private sector work together to close the finance gap.

10/01/2023

Climate change has adversely affected patterns, leaving scanty and erratic showers that negatively impact its harvesting, said India's Union Jal Shakti Minister Gajendra Singh Shekhawat.

Speaking at the 1st All India Annual States’ Ministers Conference on ‘Water Vision24/7’ here, he also said rapid urbanisation, increased demand and had reduced per capita availability of water from 5000 cm to 1500 cm, which would further reduce to 1200cm by 2047.

Sourced from https://theprint.in/india/climate-change-affecting-rain-patterns-need-to-assess-water-requirements-union-jal-shakti-minister/1300177/?amp

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Bhopal, Jan 5 (PTI) Climate change has adversely affected rain patterns, leaving scanty and erratic showers that negatively impact its harvesting, Union Jal Shakti Minister Gajendra Singh Shekhawat said on Thursday. Speaking at the 1st All India Annual States’ Ministers Conference on ‘Water Visi...

10/01/2023

Antibiotic residues in and wastewater treatment plants in the regions around and risk contributing to antibiotic resistance, and the drinking water may pose a threat to human health, according to a comprehensive analysis. The researchers also determined the relative contribution of various sources of antibiotic contamination in waterways, such as hospitals, municipals, livestock, and pharmaceutical manufacturing.

Sourced from https://www.sciencedaily.com/releases/2023/01/230104231753.htm

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Antibiotic residues in wastewater and wastewater treatment plants in the regions around China and India risk contributing to antibiotic resistance, and the drinking water may pose a threat to human health, according to a comprehensive analysis. The researchers also determined the relative contributi...

10/01/2023

is making efforts to develop a framework for in Asia in the run-up to the Group of Seven summit in Hiroshima in May.

As part of these efforts, Japan’s industry ministry plans to hold the first ministerial meeting on the initiative, inviting some members of the ASEAN, Australia and others. It will also host a public-private investment forum. Both gatherings will take place in Tokyo in March.

Sourced from https://www3.nhk.or.jp/nhkworld/en/news/20230105_03/amp.html

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Japan is making efforts to develop a framework for carbon neutrality in Asia in the run-up to the Group of Seven summit in Hiroshima in May.

10/01/2023

Saudi Arabia has been recognized as a water sector growth hotspot on the back of its considerable private sector opportunities, according to a report released ahead of the World Future Energy Summit, to be held from Jan. 16-18 in Abu Dhabi.

With a focus on the Kingdom, the business event for future and is set to discuss desalination, wastewater treatment and digitization as key growth opportunities for the Middle East’s sector.

Sourced from https://www.arabnews.com/node/2226151/amp

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Get the latest breaking news and headlines from the largest Arab News website. Get world news, sport news, business news, entertainment, lifestyle, video and photos.

10/01/2023

recently launched the most ambitious program in its history as part of an international partnership to combat .

The program, known as the Just Energy Transition Partnership (JETP), will see an initial US$20 billion mobilized over the next three to five years toward Indonesia’s adoption of renewable .

Sourced from https://www.aseanbriefing.com/news/indonesias-just-energy-transition-partnership/

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The Just Energy Transition Partnership (JETP) calls for renewable energy to comprise 34 percent of Indonesia’s power generation by 2030.

03/01/2023

The Arizona Department of Environmental Quality (ADEQ) announced $25 million in funding to help Tucson Water improve its treatment of per- and polyfluoroalkyl substances (PFAS) at a Tucson Water treatment plant, addressing severe groundwater contamination related to a federal Superfund site.

The investment will provide additional treatment improvements to adapt the Tucson Airport Remediation Project (TARP) treatment approach to incorporate a unit process specifically targeted to PFAS removal. The improvement will help TARP continue treating contaminated groundwater in the area.

Sourced from https://www.waterworld.com/drinking-water/infrastructure-funding/press-release/14287680/ariz-invests-25m-to-improve-tucson-water-pfas-treatment

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The funding will be used to build additional treatment processes for PFAS removal at a Tucson Water treatment plant.