2012 top global water sector trends
Water trends in supply management, sustainability, privatisation, technology and government
Across many sectors and jurisdictions, water is an under-priced commodity. With increasing water demand it is becoming critical to find new sources of funding and new ways of managing new and existing water infrastructure.
This report provides insight into the pressures affecting global water management and examples of strategies being implemented to overcome major global trends such as population growth, increasing economic development and urbanisation and increasing climate volatility. The report also underscores the importance of effective public policy, the advance of innovative technologies to provide sustainable water practices and private sector water stewardship in managing this finite and shared resource.
In this report Deloitte’s Global Energy and Resources water practice highlights the top issues for the water sector including:
- Growing demand for a finite resource: the world’s population is not distributed according to the availability of water, there are regions where water scarcity is and will remain critical
- Climate change: increased volatility in water supply is making it more difficult to rely solely on historical data for future planning
- Managing demand: the era of cheap water is over which means in many countries water pricing systems must be rethought
- The water and energy nexus: there is an urgent need for closer collaboration between water and energy sectors as these industries become more inextricably linked
- Increasing supply: utilising innovative technologies is critical to achieve sustainable water and effective water usage
- Privatisation: as governments around the world are finding it more difficult to find funding for water investment, alternate sources of funding from the private sector will play a more significant role
- Water as the next ‘hot’ commodity: given water is our most precious resource, expect to see more initiatives to trade water
- Stewardship: close collaboration between utilities, regulators and all users of water is required to address the ultimate issue of water scarcity.