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Preventing water crises
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Preventing water crises

Water be quoted on the stock exchange?

An unusual solution has been proposed to remedy the damage caused by droughts in the Czech Republic.

Researchers at the Czech University of Life Sciences have warned that another long-term drought could cost the country’s economy 80 billion crowns, which would reduce the country’s GDP by 1.6 percentage points. Water shortages of that magnitude will have a serious impact on industry and even on households.

Drawing data from 150 different branches of industry, the researchers outlined two possible scenarios. The optimistic one calculates with a 25 percent drop in water resources: in that case, the paper and textile industries would have to reduce their production significantly. The pessimistic scenario is based on an assumption of a 50 percent drop, and that would impact the social and healthcare spheres along with industry, with associated costs reaching 2.8 to 4.8 percent of the GDP.

Economist Petr Procházka has suggested a surprising solution to remedy the water situation: he says it would be worth considering the establishment of a public water exchange that reflects the real price water, including all external costs.

“We are working on designing
economic tools that would help
solve drought in the Czech Republic. Research shows one crown invested in proactive adaptive risk management saves two crowns spent in the wake
of a drought."

In 2019, 60 percent of the Czech Republic suffered extreme drought. The extraordinary situation has led to the notion of a proactive water exchange Photo: Shutterstock
Further information: Radio Prague International

Hungarian developments may solve the problem of pharmaceutical residues worldwide

The filtering of pharmaceutical derivatives from water is a problem for almost the entire world. That was part of the reason for the international interest elicited at the Budapest Water Summit by the results of a National Competitiveness and Excellence Programme (NVKP) project led by the Geographical Institute of the Hungarian Academy of Science’s Research Centre for Astronomy and Earth Sciences, which cover the complete set of associated problems.

New Coca-Cola bottles made of recycled marine waste

Coca-Cola has presented its first bottle made by recycling marine waste. At its test facility, it has so far produced 300 bottles that contain 25% plastic waste fished out the Mediterranean Sea.

The main reforms and innovations that highly promote water security and sustainable development

Interview with Mr. Xavier Leflaive, Principal Administrator, Environment Directorate, Organisation for Economic Co-operation and Development (OECD).

How recent political conflicts can be the consequences of insufficient water resources

Interview with Professor Aaron Wolf, Director of the Program in Water Conflict Management, Oregon State University (USA).

Budapest Water Summit attracts tremendous interest

A great many people were interested in the Budapest Water Summit – the importance of the event is attested by the fact that over 2,300 people from 118 countries had applied to attend the event, and along with the over 30 ministerial delegations, leaders of international organisations and multilateral financing institutions, as well as water industry experts have also attended.

BWS Bulletin – Daily report of the Budapest Water Summit 2019 – The third day

The Institute for Sustainable Development have summarized the third day of the Budapest Water Summit 2019 as part of the so-called BWS Bulletin.

János Áder: Young people would like to preserve Hungary as their grandparents saw it

Young people wish to live in a clean environment, that natural need is the message of the drawings, photos and posters they submitted to the competition, said President János Áder to journalists after the awards ceremony of the SDG for Kids competition at the Budapest Water Summit.

Papal message to the participants of the Budapest Water Summit 2019

BWS Bulletin – Daily report of the Budapest Water Summit 2019 – The second day

The Institute for Sustainable Development have summarized the second day of the Budapest Water Summit 2019 as part of the BWS Bulletin

BWS Bulletin – Daily report of the Budapest Water Summit 2019 – The first day

The Institute for Sustainable Development have summarized the first day of the Budapest Water Summit 2019 as part of the so-called BWS Bulletin.

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