As global water supplies are diminishing, demand is rising in energy and agriculture production. However, scientists warn that demands for water will spike, while catastrophic floods and droughts will occur within the next 40 years.
In Michael Comte’s article, “Scientists Warn of Water Woes,” the amount of money spent on water consumption, flood damage, improvements in infrastructure and distribution, and water in agriculture is expected to rise to a trillion dollars annually by 2020.
This means that by 2020, approximately $10,000,000,000 will have been spent on water.
This year, water experts and stakeholders are meeting in Canada for the Canada Water Resources 2011 conference to share ideas and tools on how to help other countries face the uncertain future of water.
According to the Canada Water Network site, while water demand will exceed supply in many countries by 40%, one-third of humanity will only have half the water they need for life’s basics.
CWN director, Margaret Catley-Carlson warns that we need to brace for one of humanity’s greatest shortages.