with an economic value of over US$3 billion per year.
A World Bank study puts , half of which occurs in developing countries. Water utilities suffer from the huge financial costs of treating and pumping water only to see it leak back into the ground, and the lost revenues from water that could have otherwise been sold. If the water losses in developing countries could be halved, the saved water would be enough to supply around 90 million people.
The global water community is gearing up for Stockholm World Water Week 2016. This year’s theme, “Water for Sustainable Growth,” comes at a critical time, as we are mobilizing to achieve the Sustainable Development Goals (SDGs), in which water plays an essential part.
It drives economic growth, supports healthy ecosystems, and is fundamental for life. However, water can threaten health and prosperity as well as promote it. Water-related hazards, including floods, storms, and droughts, are already responsible for 9 out of 10 natural disasters, and climate change is expected to increase these risks.