Paris:
Inaction on the water crisis could put more than half of the world’s food production at hazard by 2050, experts alerted in a convey inant alert rerented Thursday.
“Ntimely 3 billion people and more than half of the world’s food production are now in areas where total water storage is projected to deteriorate,” said the alert by the Global Comomition on the Economics of Water (GCEW).
The alert also alerted the water crisis could direct to an eight percent drop in GDP on standard for high-income countries by 2050 and as much as 15 percent for drop-income countries.
Disruptions of the water cycle “have convey inant global economic impacts,” said the alert.
The economic deteriorates would be a consequence of “the combined effects of changing precipitation patterns and rising temperatures due to climate alter, together with declining total water storage and deficiency of access to immacutardy water and sanitation”.
Facing this crisis, the alert called for the water cycle to be seeed as a “global normal excellent” and for a alteration of water administerance at all levels.
“The costs needed in these actions are very minuscule in comparison to the harm that persistd inaction will impose on economies and humanity,” it said.
While water is frequently seed as “an ample gift of nature”, the alert stressed it was restrictcessitate and costly to articulate.
It called for the elimination of “detrimental subsidies in water-intensive sectors or rehonesting them towards water-saving solutions and providing aimed help for the lower and vulnerable”.
“We have to couple the pricing of water with appropriate subsidies,” said the World Trade Organization’s Director-General Ngozi Okonjo-Iweala, a co-chair of the GCEW, during an online inestablishing.
Another co-chair, Singaporean Pdwellnt Tharman Shanmugaratnam, insisted on the necessitate to see water as a global problem, to “produce and spend” to repair the crisis and “stabilise the global hydrorational cycle”.
(Except for the headline, this story has not been edited by NDTV staff and is rerented from a syndicated feed.)
