Experts call for hike in global water price

World Bank and OECD say water is a finite resource that must be valued at a higher price in order to repair old supply systems and build new ones

Major economies are pushing for substantial increases in the price of water around the world as concern mounts about dwindling supplies and rising population.

With official UN figures showing that 1 billion people lack access to clean drinking water and more than double that number do not have proper sanitation, increases in prices will be – and in some countries are already proving to be – hugely controversial.

However experts argue that as long as most countries provide huge subsidies for water it will not be possible to change the wasteful habits of consumers, farmers and industry, nor to raise the investment needed to repair old supply systems and build new ones. And price rises can be managed so that they do not penalise the poorest.

Full Story: Experts call for hike in global water price | Environment | guardian.co.uk.

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    If we don't change our ways soon...

    A new report by the Royal Society, chaired by Nobel prize-winning biologist Sir John Sulston warns that world population must be stabilized and consumption in wealthy nations must be reduced or the entire planet is in big trouble. As the report reads: "The number of people living on the planet has never been higher, their levels of consumption are unprecedented and vast changes are taking place in the environment. We can choose to rebalance the use of resources to a more egalitarian pattern of consumption... or we can choose to do nothing and to drift into a downward spiral of economic and environmental ills leading to a more unequal and inhospitable future."
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    And now with corporations calling the shots in Washington - long-term sustainability of the planet takes a back seat to short-term profits. If we don't change our ways soon - and embrace clean, alternative energy and educate women around the plant - then we all could be headed for a rough century.
    -Thom
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