1. Creating an Enabling Environment for Sustainable Water Infrastructure Financing
- Author:
- Conor M. Savoy and Janina Staguhn
- Publication Date:
- 05-2022
- Content Type:
- Commentary and Analysis
- Institution:
- Center for Strategic and International Studies
- Abstract:
- Water presents a significant global development challenge as crises over resources and access to clean water are becoming more extreme due to climate change. To reach the most disadvantaged communities in rural areas, adequate infrastructure is going to be integral. It is estimated that water infrastructure will require an additional $22.5 trillion by 2050, and to achieve Sustainable Development Goal (SDG) 6, financing would need to triple to $114 billion per year. As with other forms of infrastructure, water requires more than simply building reservoirs, pipes, and holding tanks. For true sustainable infrastructure, donors and local governments should also invest in support to maintain infrastructure and create a regulatory environment that enables continued improvement. To successfully finance water infrastructure, there must be an understanding of what the current financing landscape looks like and how the United States, its Group of Seven (G7) allies, and multilateral partners should prioritize financing, especially on a local level.
- Topic:
- Environment, International Cooperation, Water, Infrastructure, and Sustainability
- Political Geography:
- North America, Global Focus, and United States of America