Artificially low prices of water are preventing investment in technologies to improve infrastructure and provide fresh water to people, according to a report published on Thursday.
Sustainable investment research firm Progressive Investor said that there is impending water crisis in its "Investing in Water" report.
Fresh water supplies are being stressed because of population growth, industry and agriculture and climate change, the report said. In addition, $1 trillion is needed to upgrade the worldwide infrastructure of distributing freshwater.
There are available technologies to clean or desalinate water but utilities can't afford to invest in them or upgrade … Read more