{"id":138401,"date":"2024-10-18T19:42:49","date_gmt":"2024-10-18T14:12:49","guid":{"rendered":"https:\/\/pwonlyias.com\/stage\/?post_type=current-affairs&#038;p=138401"},"modified":"2024-10-21T20:35:56","modified_gmt":"2024-10-21T15:05:56","slug":"global-commission-on-economics-of-water","status":"publish","type":"current-affairs","link":"https:\/\/pwonlyias.com\/stage\/current-affairs\/global-commission-on-economics-of-water","title":{"rendered":"Global Commission On The Economics Of Water"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The recent report titled &#8216;<\/span><b>The Economics Of Water: Valuing the Hydrological Cycle as a Global Common Good&#8217;<\/b><span style=\"font-weight: 400;\"> by the<\/span><b> Global Commission on the Economics of Water<\/b><span style=\"font-weight: 400;\">, highlights the escalating <\/span><b>global water crisis<\/b><span style=\"font-weight: 400;\"> and its disproportionate economic<\/span><b> impact on lower-income countries.<\/b><\/p>\n<h2><span style=\"font-size: 18pt;\"><b>Key Findings of the Report<\/b><\/span><\/h2>\n<ul>\n<li><b>Economic Loss: <\/b><span style=\"font-weight: 400;\">The <\/span><b>lower-income countries<\/b><span style=\"font-weight: 400;\"> are projected to experience an average GDP loss of up to <\/span><b>15% by 2050<\/b><span style=\"font-weight: 400;\">, nearly double the <\/span><b>global average loss of 8% in 2024.<\/b><\/li>\n<li><b>Impact on India: <\/b><span style=\"font-weight: 400;\">The looming water crisis will cost<\/span><b> 14.34% of India&#8217;s GDP by 2050.<\/b><\/li>\n<li><b>Factors of the crisis: <\/b><span style=\"font-weight: 400;\">It attributes this crisis to <\/span><b>poor economic practices,<\/b> <b>unsustainable land use, <\/b><span style=\"font-weight: 400;\">and <\/span><b>water mismanagement<\/b><span style=\"font-weight: 400;\">, compounded by climate change.<\/span><\/li>\n<li><b>Anthropogenic Influence: <\/b><span style=\"font-weight: 400;\">For the first time, human activity is<\/span><b> disrupting the natural water cycle,<\/b><span style=\"font-weight: 400;\"> undermining economic stability and human well-being.<\/span><\/li>\n<li><b>Basic need Vs Dignified life need: <\/b><span style=\"font-weight: 400;\">The report highlighted that every person requires around <\/span><b>4,000 liters of water daily<\/b><span style=\"font-weight: 400;\"> for a dignified life, including essential consumption and food security.<\/span>\n<ul>\n<li><span style=\"font-weight: 400;\">This need\u00a0 far exceeds the typical figure of 50-100 liters for<\/span><b> basic health needs.<\/b><\/li>\n<li><span style=\"font-weight: 400;\">As the availability of water diminishes,<\/span><b> food security and human development <\/b><span style=\"font-weight: 400;\">are at risk.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Green and Blue water:<\/b><span style=\"font-weight: 400;\"> The report also distinguishes between <\/span><b>&#8220;green water&#8221;<\/b> <b>(soil moisture)<\/b><span style=\"font-weight: 400;\"> and <\/span><b>&#8220;blue water&#8221; (surface and groundwater).<\/b>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">It stressed on the critical importance of green water for rainfall, climate stability, and economic resilience.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: center;\"><span class=\"vc_button\"><a href=\"https:\/\/www.pw.live\/batches\/upsc\/pw-only-ias?utm_source=seo+upsc+batch&#038;utm_medium=seo+upsc&#038;utm_campaign=seo&#038;utm_id=upsc\" target=\"_blank\" rel=\"noopener\">Enroll now for UPSC Online Classes<\/a><\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-138380\" src=\"https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/10\/185-67125ecd239bc.webp\" alt=\"Economics Of Water\" width=\"752\" height=\"403\" srcset=\"https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/10\/185-67125ecd239bc.webp 1153w, https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/10\/185-67125ecd239bc-300x161.webp 300w, https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/10\/185-67125ecd239bc-1024x549.webp 1024w, https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/10\/185-67125ecd239bc-768x412.webp 768w\" sizes=\"(max-width: 752px) 100vw, 752px\" \/><\/p>\n<h2><span style=\"font-size: 18pt;\"><b>Suggested measures to overcome the Water Crisis<\/b><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-138381 alignright\" src=\"https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/10\/186-67125ecba6e90.webp\" alt=\"Economics Of Water\" width=\"450\" height=\"214\" srcset=\"https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/10\/186-67125ecba6e90.webp 857w, https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/10\/186-67125ecba6e90-300x142.webp 300w, https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/10\/186-67125ecba6e90-768x365.webp 768w\" sizes=\"(max-width: 450px) 100vw, 450px\" \/><\/p>\n<ul>\n<li><b>Water as public good: <\/b><span style=\"font-weight: 400;\">The Commission suggested rethinking water governance, advocating that water be treated as a global public good, not a personal commodity.<\/span><\/li>\n<li><b>Need of collaborative effort:<\/b><span style=\"font-weight: 400;\"> The report emphasizes collective action across nations to address this crisis.<\/span><\/li>\n<li><b>Five-Point Agenda: <\/b><span style=\"font-weight: 400;\">The Commission proposed a five-point agenda, including:<\/span><\/li>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Revolutionizing food systems to<\/span><b> reduce water usage in agriculture.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Conserving<\/b><span style=\"font-weight: 400;\"> natural habitats and<\/span><b> restoring<\/b><span style=\"font-weight: 400;\"> degraded ecosystems.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Establishing a<\/span><b> circular water economy <\/b><span style=\"font-weight: 400;\">to reclaim freshwater from wastewater.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Encouraging<\/span><b> sustainable innovations.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Ensuring<\/span><b> equitable access<\/b><span style=\"font-weight: 400;\"> to clean water.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<div class=\"vc_table_green\"><\/p>\n<table style=\"width: 99.8996%;\">\n<tbody>\n<tr>\n<th style=\"width: 100%; border-style: solid; border-color: #000000; background-color: rgba(184, 165, 217, 0.53); text-align: left; vertical-align: middle;\">\n<h3><span style=\"font-size: 16pt; color: #000000;\"><b>Global Commission on the Economics of Water (GCEW)<\/b><\/span><\/h3>\n<ul>\n<li><span style=\"color: #000000;\"><b>Objective:<\/b><span style=\"font-weight: 400;\"> To make a significant and ambitious contribution to the global effort to spur change in the way societies govern, use and value water<\/span><\/span><\/li>\n<li><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">The<\/span><b> Commission&#8217;s ultimate goal<\/b><span style=\"font-weight: 400;\"> is a <\/span><b>&#8220;Global Water Pact<\/b><span style=\"font-weight: 400;\">&#8221; to secure funding and enhance water governance globally, recognizing that the water crisis now<\/span><b> threatens nearly all Sustainable Development Goals (SDGs)<\/b><\/span><\/li>\n<li><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">It was launched in<\/span><b> May 2022 with a two-year mandate.<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/span><\/li>\n<li><span style=\"font-weight: 400; color: #000000;\">It presented the evidence and the pathways for changes in policy, business approaches and global collaboration to support climate and water justice, sustainability, and food-energy-water security.<\/span><\/li>\n<li><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">The Commission is convened by the<\/span><b> Government of the Netherlands <\/b><span style=\"font-weight: 400;\">and facilitated by the <\/span><b>Organisation for Economic Co-operation and Development (OECD).<\/b><\/span><\/li>\n<li><span style=\"color: #000000;\"><b>Working partners :<\/b><span style=\"font-weight: 400;\">The GCEW is executed by an independent and diverse group of eminent policy makers and researchers in fields such as:<\/span><\/span>\n<ul>\n<li><span style=\"color: #000000;\"><b>OECD<\/b><\/span><\/li>\n<li><span style=\"color: #000000;\"><b>Potsdam Institute for Climate Impact Research<\/b><\/span><\/li>\n<li><span style=\"color: #000000;\"><b>Indian Institute for Human Settlements<\/b><\/span><\/li>\n<li><span style=\"color: #000000;\"><b>University College London<\/b><\/span><\/li>\n<li><span style=\"color: #000000;\"><b>Australian National University<\/b><\/span><\/li>\n<li aria-level=\"2\"><span style=\"color: #000000;\"><b>University of Amsterdam<\/b><\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><\/div>\n<div class=\"vc_table_green\"><\/p>\n<table style=\"width: 100.043%;\">\n<tbody>\n<tr>\n<td style=\"width: 130.811%; 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by the Global Commission on the Economics of Water, highlights the escalating global water crisis and its disproportionate economic impact on lower-income countries.<\/p>\n","protected":false},"author":11,"featured_media":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"tags":[],"paper-wise":[2089],"subject":[],"acf":[],"_links":{"self":[{"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/current-affairs\/138401"}],"collection":[{"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/current-affairs"}],"about":[{"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/types\/current-affairs"}],"author":[{"embeddable":true,"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/comments?post=138401"}],"version-history":[{"count":4,"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/current-affairs\/138401\/revisions"}],"predecessor-version":[{"id":138827,"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/current-affairs\/138401\/revisions\/138827"}],"wp:attachment":[{"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/media?parent=138401"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/tags?post=138401"},{"taxonomy":"paper-wise","embeddable":true,"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/paper-wise?post=138401"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/pwonlyias.com\/stage\/wp-json\/wp\/v2\/subject?post=138401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}