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		<title>Ecological calamity is the real driver of Iran’s protests</title>
		<link>https://corporateknights.com/climate-and-carbon/ecological-calamity-is-the-real-driver-of-irans-protests/</link>
		
		<dc:creator><![CDATA[Katie Surma]]></dc:creator>
		<pubDate>Thu, 15 Jan 2026 18:19:43 +0000</pubDate>
				<category><![CDATA[Climate Crisis]]></category>
		<category><![CDATA[environmental politics]]></category>
		<category><![CDATA[water crisis]]></category>
		<guid isPermaLink="false">https://corporateknights.com/?p=49163</guid>

					<description><![CDATA[<p>Iran is experiencing its largest nationwide uprising since 2022 as water shortages push the regime toward its breaking point</p>
<p>The post <a href="https://corporateknights.com/climate-and-carbon/ecological-calamity-is-the-real-driver-of-irans-protests/">Ecological calamity is the real driver of Iran’s protests</a> appeared first on <a href="https://corporateknights.com">Corporate Knights</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><em>This article originally appeared on </em><a href="https://insideclimatenews.org/news/14012026/iran-environmental-crisis-water-shortage-protests/" target="_blank" rel="noopener">Inside Climate News</a><em>, a non-profit, non-partisan news organization that covers climate, energy and the environment. It has been edited to conform with </em>Corporate Knights<em> style. Sign up for the </em>Inside Climate News<em> newsletter </em><a href="https://insideclimatenews.org/newsletter/" target="_blank" rel="noopener"><em>here</em></a><em>.</em></p>
<p>The anti‑government protests sweeping across Iran, from major cities to rural towns, are fuelled by anger over economic collapse and political repression. But beneath the headlines of currency devaluations and street clashes lies a deeper, more permanent driver of dissent: ecological calamity.</p>
<p>Decades of ignoring scientists, persecuting activists and greenlighting corrupt development schemes have triggered a water crisis so severe that President Masoud Pezeshkian warned in November that Tehran’s residents may eventually have to evacuate the capital city, which is sinking as dried-up aquifers give way.</p>
<p>The devastation extends far beyond Tehran. Lake Urmia, once one of the world’s largest salt lakes, has shrivelled to less than 10% of its volume, while the iconic Zayandeh River has sat dry for years. Wildfires have <a href="https://www.science.org/doi/10.1126/science.aee1473" target="_blank" rel="noopener">ravaged</a> the parched Hyrcanian forests, a UNESCO World Heritage site. In the oil-rich Khuzestan province, home to Iran’s Arab minority, state-led water diversion has devastated the local economy and inflamed ethnic grievances.</p>
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<p>Iranians, and many experts, <a href="https://gamaan.org/2025/11/05/12-day-war-survey-english/" target="_blank" rel="noopener">blame</a> the government, one of the world’s most repressive regimes.</p>
<p>Environmental issues tie “into all the other grievances that activists and citizens and protesters have over economic and political issues,” says Eric Lob, a nonresident scholar at the Carnegie Middle East Program and an associate professor at Florida International University. “It’s all interconnected.”</p>
<blockquote><p>Economic and environmental grievances are inseparable when your tap runs dry and your crops die.</p>
<div class="su-spacer" style="height:20px"></div><span class="Apple-converted-space"> – Gregg Roman, executive director, Middle East Forum</span></p></blockquote>
<p>The human cost is staggering. Crumbling infrastructure, poorly designed irrigation systems and overdrawn aquifers have left farmers unable to plant crops and cities forced to ration supplies. Tens of thousands of people, including children, die prematurely each year from severe air and water pollution. Water shortages and power outages have shuttered businesses and left ordinary Iranians “worried about whether they’ll have enough water for drinking, bathing and cleaning,” Lob says.</p>
<p>Water stress has also become a source of political contention and a tool of political control, Lob says. Ethnic minority regions on Iran’s periphery have seen their water supplies diverted to central provinces dominated by the Persian majority, creating environmental “winners and losers” and deepening resentment.</p>
<p>In Khuzestan, for example, national government policies have diverted water from the Karun River to central plateau provinces, reinforcing perceptions that Tehran prioritizes politically connected agriculture and industrial interests over local needs.</p>
<p>Gregg Roman, executive director of the Middle East Forum, points to recent protests over water access in the Sistan and Baluchestan province, where demonstrators in 2023 marched with signs reading “Sistan is thirsty for water, Sistan is thirsty for attention.”</p>
<p>“These aren’t separate from the current uprising,” Roman says of past water protests. “They’re precursors. Economic and environmental grievances are inseparable when your tap runs dry and your crops die.”</p>
<p>Student groups have also identified Iran’s ecological emergencies as driving unrest. “Today, crises have piled up: poverty, inequality, class oppression, gender oppression, pressure on nations, water and environmental crises. All are direct products of a corrupt and worn-out system,” student activists said in a December <a href="https://www.documentcloud.org/documents/26474464-bynyh-fln-chnd-dnshgh-byd-bh-p-khyzym-w-srnwshtmn-r-bh-dst-khwysh-bnwysym-yrn-yntrnshnl/" target="_blank" rel="noopener">statement</a>.</p>
<h5>Profit-driven mismanagement</h5>
<p>The current protests, which erupted in late December, are the largest since 2022/2023. The government has responded with a communication blackout, cutting off <a href="https://x.com/netblocks/status/2011295476314951854" target="_blank" rel="noopener">internet</a> access nationwide, and violent crackdowns. Human rights organizations estimate that thousands have been killed, and even more arrested. Iran has a history of executing protesters, often by public hanging.</p>
<p>Lob <a href="https://carnegieendowment.org/emissary/2025/11/iran-water-crisis-warning-climate?lang=en" target="_blank" rel="noopener">traces</a> a direct line between today’s uprising and the regime’s historical environmental failures. Since the 1979 revolution, he says, the government has used rural development projects to increase political legitimacy and popular support – a process that gave rise to a “water mafia” within the military establishment and the construction of hundreds of dams across the country.</p>
<p>“Organizations close to the government and military were able to get contracts for these projects,” Lob says. “The goal was power and profit-seeking over environmental protection and sustainability.”</p>
<p>This profit-driven mismanagement, compounded by climate-change-driven <a href="https://pmc.ncbi.nlm.nih.gov/articles/PMC8080627/" target="_blank" rel="noopener">drought</a>, international sanctions and limited investment, has led to land subsidence so severe that infrastructure such as roads and buildings is cracking. In Tehran, the crisis reached a breaking point this winter as reservoirs plummeted below 10% capacity.</p>
<p>“The state can no longer ignore the reality on the ground that people have sounded the alarm on for years,” Lob says.</p>
<h5 class="wp-block-heading"><strong>Repression of scientists and environmentalists</strong></h5>
<p>Niloufar Bayani thought that tracking endangered wildlife would help save Iran’s critically endangered Persian cheetah. Instead, it landed her in one of the country’s most notorious prisons.</p>
<p>Inside Evin Prison, Bayani was held in solitary confinement and interrogated in 12-hour stretches as officials pressed her to confess to espionage. Interrogators threatened her with sexual assault, injections of hallucinogenic drugs, and the arrest and torture of her 70-year-old parents, showing her images of torture devices to underscore their threats.</p>
<p>After six years of detention, Bayani and seven of her colleagues were released in 2024 – the group’s leader, Kavous Seyed-Emami, died in Evin Prison just weeks after his arrest.</p>
<p>The detentions and death have become a stark example of how Iran’s environment, and those working to protect it, are entangled with a repressive security state, even as the nation’s environmental crises deepen.</p>
<p>“Scientists and activists have been repressed by the state because what they were saying was inconvenient,” Lob says.</p>
<p>Among them is <a href="https://www.reuters.com/investigates/special-report/climate-change-scientists-madani/" target="_blank" rel="noopener">Kaveh Madani</a>, a water management expert forced into exile after his proposed solutions to Iran’s water crisis, including reducing reliance on dams, threatened the Islamic Revolutionary Guard Corps’ interests. In 2024, government security forces arrested poet <a href="https://iranhumanrights.org/2025/05/iran-moves-to-silence-literary-voices-with-arrests-prison-and-death-sentences/#:~:text=The%20death%20sentence%20handed%20down,was%20very%20important%20to%20him." target="_blank" rel="noopener">Peyman Farahavar</a>, later sentencing him to death over his writing critical of environmental destruction. And last year, the crackdown expanded to include grassroots activists Sabah and Ramin Salehi, cousins who were arrested for their work protecting the Zagros forests.</p>
<p>“These individuals were trying to do their jobs – articulating the urgency of the issue and raising public awareness – and they were punished for it,” Lob says.</p>
<p>Iran’s environmental crises are not unique to the country, or even the region. From neighbouring Iraq to arid parts of the United States, including California and the Southwest, governments are grappling with dwindling water supplies and the political and socioeconomic consequences of how they are managed, Lob says.</p>
<p>In Iran, the problem is magnified by an agriculture sector that <a href="https://www.meforum.org/mef-reports/the-thirst-of-a-nation" target="_blank" rel="noopener">consumes</a> the majority of the nation’s water, often inefficiently. Analysts say years of inadequate oversight and short-term fixes have deepened the crisis, particularly for farmers and rural communities whose livelihoods depend on reliable water access.</p>
<p>“Water rights, pollution and climate impacts are apolitical on their face but lead directly to questions about governance, corruption and regime legitimacy,” Roman says.</p>
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<p>The post <a href="https://corporateknights.com/climate-and-carbon/ecological-calamity-is-the-real-driver-of-irans-protests/">Ecological calamity is the real driver of Iran’s protests</a> appeared first on <a href="https://corporateknights.com">Corporate Knights</a>.</p>
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		<item>
		<title>Taps running dry in Mexico City, Bogotá, as heat dome pushes cities closer to &#8216;Day Zero&#8217;</title>
		<link>https://corporateknights.com/climate/taps-running-dry-in-mexico-city-bogota-as-heat-dome-pushes-cities-closer-to-water-crisis/</link>
		
		<dc:creator><![CDATA[Jake Bittle]]></dc:creator>
		<pubDate>Thu, 23 May 2024 14:53:22 +0000</pubDate>
				<category><![CDATA[Climate]]></category>
		<category><![CDATA[cities]]></category>
		<category><![CDATA[Water]]></category>
		<category><![CDATA[water crisis]]></category>
		<guid isPermaLink="false">https://corporateknights.com/?p=41229</guid>

					<description><![CDATA[<p>Reservoir levels are dropping fast, but both cities are turning to lessons from Cape Town's 2018 water crisis</p>
<p>The post <a href="https://corporateknights.com/climate/taps-running-dry-in-mexico-city-bogota-as-heat-dome-pushes-cities-closer-to-water-crisis/">Taps running dry in Mexico City, Bogotá, as heat dome pushes cities closer to &#8216;Day Zero&#8217;</a> appeared first on <a href="https://corporateknights.com">Corporate Knights</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>In Mexico City, more and more residents are watching their taps go dry for hours a day. Even when water does flow, it often comes out dark brown and smells noxious. A former political leader is asking the public to “prioritize essential actions for survival” as the city’s key reservoirs run dry. Meanwhile, 2,000 miles south in the Colombian capital of Bogotá, reservoir levels are falling just as fast, and the city government has implemented rotating water shutoffs. The mayor has begged families to shower together and leave the city on weekends to cut down on water usage.</p>
<p>The measures come as a so-called heat dome sitting atop Mexico is shattering temperature records in Central America, and both Central and South America are wasting beneath a drought driven by the climate phenomenon known as <a href="https://corporateknights.com/category-climate/from-climate-quitting-to-global-boiling-10-words-that-defined-2023/">El Niño</a>, which periodically brings exceptionally dry weather to the Southern Hemisphere. Droughts in the region have grown more intense thanks to warmer winter temperatures and long-term aridification fueled by climate change. The present dry spell has shriveled river systems in Mexico and Colombia and lowered water levels in the reservoirs that supply their growing cities. Officials in both cities have warned that, in June, their water systems might reach a “Day Zero” in which they fail altogether unless residents cut usage.</p>
<p>In warning about the potential for a Day Zero in the water system, both cities are referencing the famous example set by Cape Town, South Africa, which made global headlines in 2018 when it almost ran out of water. The city was months away from a total collapse of its reservoir system when it mounted an unprecedented public awareness campaign and rolled out strict fees on water consumption. These measures succeeded in pulling the city back from the brink.</p>
<p class="has-default-font-family">Six years later, Cape Town stands as a success story in municipal crisis management, but experts say its playbook will be hard for Mexico City and Bogotá to replicate. Instead of focusing primarily on changing public behavior, these cities will need to make big investments to improve aging infrastructure and shore up their water supplies. How they fare in these endeavors will in turn inform future efforts to make the world’s fast-growing cities resilient to increasing climate volatility.</p>
<p class="has-default-font-family hang-punc-medium">“The bigger question, and what’s relevant for other cities, is now that we’ve experienced this, what can we do going forward to make sure that this doesn’t happen again?” said Johanna Brühl, a water expert at the nonprofit Environment for Development in South Africa who has studied Cape Town’s water crisis.</p>
<p class="has-default-font-family">Coining the very phrase “Day Zero” was part of Cape Town’s solution to a water crisis that many officials had seen coming for years. As reservoir levels fell between 2015 and 2017 amid a drought, city leaders released dozens of statements urging residents to reduce water usage, but no one paid much attention. Only in early 2018, when officials started talking in increasingly apocalyptic terms about a collapse of the municipal water system, did residents — and international media outlets — start to pay attention.</p>
<p class="has-default-font-family">The city rolled out a set of measures to enforce cuts, including a tariff system that charged more thirsty users a higher price per gallon plus a door-knocking campaign to shame the biggest water hogs. But it was the rhetoric around Day Zero that seemed to be the <a href="https://www.weforum.org/agenda/2019/08/cape-town-was-90-days-away-from-running-out-of-water-heres-how-it-averted-the-crisis/" target="_blank" rel="noopener noreferrer">most effective tool</a> to slash water usage, experts who studied the crisis told Grist. When the local government warned that residents would have to pick up buckets of water from public collection points managed by the military, consumption plummeted. The effort to stave off a water crisis began to look like a grassroots movement, with residents sharing conservation tricks like flushing the toilet with water captured from the shower.</p>
<p class="has-default-font-family">By April 2018, water usage had fallen to about half of what it was three years earlier, a decline that astonished even city officials. As consumption dropped, the city pushed the estimated date of the apocalypse out by a few days, then a few weeks. When a big rain arrived in the early summer and began to refill the reservoirs, the government turned off the countdown altogether, declaring the crisis at a temporary end.</p>
<p class="has-default-font-family hang-punc-medium">“The big take-home point for any city in terms of navigating that kind of crisis is just to change the culture and to get the needle moving in the right direction,” said Eddie Andrews, the deputy mayor of Cape Town, who was a city council member during the Day Zero affair. “Culture is really important — making sure that you remain on message.”</p>
<h4>Warnings of a water crisis</h4>
<p class="has-default-font-family">Political leaders in Mexico and Colombia have both been sending out the same dire warnings: One prominent Mexico City politician <a href="https://www.latimes.com/world-nation/story/2024-03-21/mexico-city-taps-run-dry-water-crisis" target="_blank" rel="noopener noreferrer">warned in March</a> that the city is “at the edge of the precipice,” and last month Bogotá’s mayor <a href="https://en.mercopress.com/2024/04/11/rotating-supply-cuts-launched-as-bogota-s-water-reservoirs-are-running-dry" target="_blank" rel="noopener noreferrer">announced</a> that the city had only around 50 days of water remaining, with residents looking at “weeks and months” of water rationing.</p>
<p class="has-default-font-family">But Cape Town’s grassroots conservation success will be difficult to replicate. In order for such messaging to work, residents have to trust their government. Indeed, other large South African cities like Johannesburg and Durban have struggled to spur usage reductions during periods of water stress, in part because they are governed by the African National Congress, or ANC. While the ANC has been the country’s dominant political party since its heroic 1994 victory over the apartheid regime that had ruled South Africa for decades, <a href="https://apnews.com/article/south-africa-election-anc-decline-cf154312e3dc5c1b5ee615b82ba0c080" target="_blank" rel="noopener noreferrer">popular enthusiasm for the party has plummeted</a> in recent years as <a href="https://www.theguardian.com/world/2024/apr/04/former-speaker-of-south-africa-parliament-arrested-in-corruption-inquiry" target="_blank" rel="noopener noreferrer">corruption scandals have engulfed its top ranks</a>. Unlike the governing bodies of South Africa’s other major cities, the Western Cape government that oversees Cape Town is led by an opposition party that enjoys far more local support than the ANC.</p>
<p class="has-default-font-family">Manuel Perló Cohen, a professor who studies water infrastructure at the National Autonomous University of Mexico in Mexico City, said the government in Mexico City doesn’t enjoy the same kind of goodwill, meaning the government’s available tools may be limited to things like mandatory water restrictions.</p>
<p class="has-default-font-family hang-punc-medium">“It won’t work here, because there’s a lack of confidence in the government,” he told Grist. “People don’t believe in most of what the government says, even if it’s the truth.” Mexico is just weeks away from a major election, and the incumbent leaders in Mexico City as well as the federal government have tried to downplay the water issues even as their opponents seize on it for campaign fodder.</p>
<p class="has-default-font-family">To really have control over the future of its water, a city also needs to have control over its physical infrastructure. But Mexico City loses almost 40% of its municipal water to leakage from pipes and canals, one of the highest rates in the world. This means that residential conservation efforts can only have a limited effect on the overall water budget, according to Perló Cohen. The city has also seen a rise in water theft from canals and reservoir systems: Organized crime groups siphon off public water and use it to grow avocados or resell it to water-starved households at a high markup. Locals call this <em>huachicoleo de agua</em>, using a term coined to describe fuel theft.</p>
<p class="has-default-font-family">While the city government of Bogotá has both the public trust and the political power to implement rotating water shutoffs — which has helped protect reservoir levels — the city’s conservation campaign is lacking another crucial ingredient: enthusiasm. As in Cape Town, residents shared novel ways to reduce water usage during the first week of the crisis, but since then the local media has stopped devoting as much attention to the shutoffs. Water usage has begun to tick back up.</p>
<p class="has-default-font-family hang-punc-medium">“These types of campaigns are difficult to get across to people,” said Laura Bulbena, a Bogotá-based advocate with the environmental nonprofit World Resources Institute. “It’s rained a little in Bogotá, two weeks passed, and actually the numbers show that water consumption went up. So not only there isn’t enough reduction, there’s not enough water coming into the reservoirs.”</p>
<p class="has-default-font-family">But there are other lessons from Cape Town’s water crisis, ones that any city could follow. In its aftermath, the city diversified its water system and reduced reliance on the main reservoirs that shrank during the drought. Officials now plan to build multiple seawater-desalination plants and recharge groundwater aquifers with treated wastewater. This will put the city on far better footing for future dry spells.</p>
<p class="has-default-font-family hang-punc-medium">“Every single crisis presents opportunities,” said Andrews, the deputy mayor of Cape Town. “We’ve seen that you can’t just rely on the rainfall. You have to augment.”</p>
<p class="has-default-font-family">Bogotá relies on reservoirs for almost its entire water supply, and officials had long believed that the reservoir system was resilient to drought. Now, they may change course and invest in alternate supplies. Experts say bringing in new water sources wouldn’t break the bank; the local water utility could tap the healthy underground aquifer beneath the city, and Bulbena’s team at World Resources Institute has shown that <a href="https://www.wri.org/research/incorporating-natural-infrastructure-bogotas-water-system" target="_blank" rel="noopener noreferrer">restoring a natural environment</a> in the nearby Bogotá River could help clean that river’s water for drinking.</p>
<blockquote><p>Every single crisis presents opportunities.</p>
<p>-Andrews, deputy mayor of Cape Town</p></blockquote>
<p class="has-default-font-family hang-punc-medium">“The water system is overall very good in Bogotá, but the city must invest in a backup system, because this El Niño system will probably be repeated frequently,” said Armando Sarmiento López, a professor of ecology at Javeriana University in Bogotá.</p>
<p class="has-default-font-family">Alejandra Lopez Rodriguez, a policy advocate at the Nature Conservancy in Mexico City, said that the government of that city could also fix its severe leakage problem and build wastewater treatment plants — if officials choose to prioritize those projects.</p>
<p class="has-default-font-family hang-punc-medium">“We have resources and we have access to financing,” she told Grist. “There are resources available. It just also takes a will and an interest to want to invest in these issues.”</p>
<p class="has-default-font-family">The Nature Conservancy runs a <a href="https://www.nature.org/en-us/about-us/where-we-work/latin-america/stories-in-latin-america/mexico-city-water-fund/" target="_blank" rel="noopener noreferrer">water investment fund</a> in Mexico City that has financed conservation efforts in the pine forests surrounding the metropolis; these forests capture water and help recharge the city’s collapsing groundwater aquifers.</p>
<p class="has-default-font-family">Recharging aquifers and building desalination plants is one thing, but the water crises in these cities have also revealed a stark fact: For many of the poorest residents in a metropolis like Cape Town, clean water was never available in the first place.</p>
<p class="has-default-font-family">The wealthy and middle-class areas of Cape Town receive piped water from reservoirs, but residents who live in the vast townships outside the city have to get water from communal standpipes — the very fate that so frightened middle-class residents of the city in the leadup to Day Zero. In the eastern neighborhoods of Mexico City, many taps have never released water for more than a few hours each day, according to Lopez Rodriguez, and much of that water is from contaminated sections of the aquifer. Lopez Rodriguez speculates that the crisis in Mexico City has drawn international attention because it has begun to affect upper-class neighborhoods that are accustomed to reliable water deliveries from the reservoir system.</p>
<p class="has-default-font-family">Even during the peak of the Day Zero affair, many of the worst-off residents of Cape Town pointed to the same disparity, said Richard Meissner, a professor of political science at the University of South Africa who has studied the city’s response to the 2018 drought.</p>
<p class="has-default-font-family hang-punc-medium">“I remember that some of the less affluent people in the city said that the campaign is aimed at the more affluent portions of Cape Town,” he said. “They said, ‘They don’t care about us, because for us every day is a Day Zero.’”</p>
<p><em>This article originally appeared in <a href="https://grist.org/" target="_blank" rel="noopener">Grist</a>. Read the original story <a href="https://grist.org/drought/mexico-city-bogota-water-day-zero-cape-town/" target="_blank" rel="noopener">here</a>. </em></p>
<p><em>Grist is a nonprofit, independent media organization dedicated to telling stories of climate solutions and a just future. </em></p>
<p>The post <a href="https://corporateknights.com/climate/taps-running-dry-in-mexico-city-bogota-as-heat-dome-pushes-cities-closer-to-water-crisis/">Taps running dry in Mexico City, Bogotá, as heat dome pushes cities closer to &#8216;Day Zero&#8217;</a> appeared first on <a href="https://corporateknights.com">Corporate Knights</a>.</p>
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		<title>Prince Charles, Matt Damon call for wave of investment in water crisis</title>
		<link>https://corporateknights.com/water/prince-charles-matt-damon-investing-water-crisis/</link>
		
		<dc:creator><![CDATA[CK Staff]]></dc:creator>
		<pubDate>Tue, 23 Mar 2021 15:40:04 +0000</pubDate>
				<category><![CDATA[Water]]></category>
		<category><![CDATA[matt damon]]></category>
		<category><![CDATA[microloans]]></category>
		<category><![CDATA[Prince Charles]]></category>
		<category><![CDATA[sustainable finance]]></category>
		<category><![CDATA[water crisis]]></category>
		<guid isPermaLink="false">https://corporateknights.com/?p=25920</guid>

					<description><![CDATA[<p>Prince of Wales launches accelerator aimed at fast-tracking sustainable investments in climate-resilient water programs</p>
<p>The post <a href="https://corporateknights.com/water/prince-charles-matt-damon-investing-water-crisis/">Prince Charles, Matt Damon call for wave of investment in water crisis</a> appeared first on <a href="https://corporateknights.com">Corporate Knights</a>.</p>
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										<content:encoded><![CDATA[<p>Natural disasters are occurring with increased ferocity around the world. But for communities living in extreme poverty, the climate crisis only exacerbates the struggle to access enough clean water to meet their basic needs.</p>
<p>In response, on the 25<sup>th</sup> anniversary of the UN’s World Water Day March 22, the Prince of Wales launched a sustainable finance accelerator aimed at fast-tracking investments in climate-resilient water programs for up to 50 million people in water-stressed areas by 2030.</p>
<p>The kickoff of<a href="https://www.sustainable-markets.org/resilient-water-accelerator/"> Resilient Water Accelerator</a> follows a pledge to boost water financing made at the Prince’s Sustainable Markets Initiative [SMI] Roundtable on Water in London last year.</p>
<p>“The Covid-19 pandemic has reinforced the need to ensure access to clean water services around the world,” said Prince Charles in a statement. “Since the first meeting in March of last year, the [SMI] Water and Climate Finance Initiative Task Force has worked steadfastly towards achieving this, by boosting climate funding for comprehensive scalable resilient water programmes.”</p>
<p>A report released by WaterAid in October found that despite the climate crisis triggering a rise in natural disasters, only 5% of global climate finance is currently allocated for adapting to climate change – roughly US$30 billion per year. The main recipients of any adaptation-related finance to date have been middle-earning countries. “The result is that not only is not enough being invested, but even that investment is not going to vulnerable countries,” <a href="https://washmatters.wateraid.org/publications/just-add-water-climate-finance">concluded WaterAid</a>.</p>
<p>Last month, the UN warned that over a third of the world – 2.2 billion people ­– still lack access to clean drinking water. The Resilient Water Accelerator will support locations six Africa and South East Asia, where WaterAid says “a new approach can be tested, to address holistic threats on the ground, from pollution of water sources, rising levels of water-stress, exacerbated by dwindling ground-water supplies.”</p>
<p>The Accelerator is being led by international development organization WaterAid and will bring together key governments (including the UK, Bangladesh, Burkina-Faso and Nigeria), private sector leaders and development banks.</p>
<p>“As we head into the crucial climate negotiations at COP in Glasgow later this year, this work will show that practical solutions to the water and climate crisis exist,” said WaterAid’s chief executive Tim Wainwright.</p>
<p>The Prince isn’t the only celebrity getting in on water financing. Actor Matt Damon, who co-founded the nonprofit <a href="https://water.org/">Water.org</a> in 2009, has teamed up with SMI. &#8220;<span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0">We are proud to be part of the Resilient Water Accelerator,&#8221; tweeted the organization Monday. Damon is</span> calling on a wave of private sector investors to open their wallets and scale up micro-finance solutions to the water crisis. Since 2009, Water.org reports that it has doled out US$2.6 billion via 7.2 million loans, improving water access for 33 million people.</p>
<p>“All we&#8217;re trying to do is get the attention of the heavy hitters to come into this space,” said Damon. “There is so much low-hanging fruit here — and this model really, really works.”</p>
<p>Related read: <a href="https://corporateknights.com/leadership/charles-the-man-who-would-be-climate-king/">The man who would be &#8216;climate king&#8217;</a></p>
<p>The post <a href="https://corporateknights.com/water/prince-charles-matt-damon-investing-water-crisis/">Prince Charles, Matt Damon call for wave of investment in water crisis</a> appeared first on <a href="https://corporateknights.com">Corporate Knights</a>.</p>
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