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The Global Commission on the Economics of Water report highlights the urgent need to treat the hydrological cycle as a global common good to tackle interconnected water, climate, and biodiversity crises.
It reveals that the world’s water cycle is destabilising due to decades of mismanagement, jeopardizing food security, human wellbeing, and sustainable development.
The report advocates for a “new economics of water” that includes proper valuation, efficient pricing, and equitable distribution.
It outlines five critical missions: revolutionising food systems, conserving green water habitats, establishing a circular water economy, supporting water-efficient clean energy, and ensuring universal access to safe water by 2030.
It emphasises partnerships, systemic reforms, and innovative financing to stabilise the water cycle, align markets with sustainability, and foster global cooperation for a resilient water future.
