|By ACN Newswire||
|January 20, 2014 10:19 PM EST||
New Thirsty Energy initiative to help countries mitigate impact of water scarcity on energy security
Abu Dhabi, Jan 21, 2014 - (ACN Newswire) - The World Bank is launching a new initiative at the World Future Energy Summit and International Water Summit in Abu Dhabi that will help developing countries better plan and manage scaling-up energy capacity to meet rising demand, in tandem with water resource management.
Producing energy requires a lot of water. Yet, the availability of and access to water is negatively impacting energy production around the world.
Last year alone, water shortages shut down thermal power plants in India, decreased energy production in power plants in the United States and threatened hydropower generation in many countries, including Sri Lanka, China and Brazil.
The problem is expected only to get worse. By 2035, the world's energy consumption will increase by 35 percent, which in turn will increase water consumption by 85 percent, according to the International Energy Agency.
"The world's energy and water are inextricably linked. With demand rising for both resources and increasing challenges from climate change, water scarcity can threaten the long-term viability of energy projects and hinder development," said Rachel Kyte, World Bank Group Vice President and Special Envoy for Climate Change.
Part of the challenge for the energy sector is the competing demand for water. This demand will grow as the world's population reaches 9 billion, requiring a 50 percent increase in agricultural production and a 15 percent increase in already-strained water withdrawals. With two-thirds of the world's population - or 5 billion people - urbanized by 2030, cities in developing countries will be under tremendous pressure to meet the demand for food, energy, and water services. Yet today, some 780 million people lack access to improved water and 2.5 billion, more than one-third of the world's people, do not have basic sanitation.
Thirsty Energy is a global initiative aimed to help governments prepare for an uncertain future by:
-- identifying synergies and quantifying tradeoffs between energy development plans and water use
-- piloting cross-sectoral planning to ensure sustainability of energy and water investments
-- designing assessment tools and management frameworks to help governments coordinate decision-making
With the energy sector as an entry point, initial work has already started in South Africa and dialogue has been initiated in Bangladesh, Morocco, and Brazil where the challenges have already manifested and thus where demand exists for integrated approaches.
Failing to anticipate water constraints in energy investments can increase risks and costs for energy projects. In fact, the majority of energy and utility companies consider water a substantive risk and report water-related business impacts.
The issue is too large for any partner or sector to tackle alone.
"Water constraints on the energy sector can be overcome, but all stakeholders, public and private, must work together to develop innovative tools and use water as a guiding factor for assessing viability of projects," said Maria van der Hoeven, Executive Director of the International Energy Agency. "The absence of integrated planning is unsustainable."
Solutions exist, but countries must continue to innovate and adapt policies and technology to address the complexity of the landscape. These solutions include technological development and adoption, improved operations to reduce water use and impacts in water quality, and strong integrated planning.
"We cannot meet our global energy goals of extending access to the poor, increasing efficiency and expanding renewables without water. The water energy interrelationship is critical to build resilient as well as efficient, clean energy systems. The time to act is now," said Kyte.
Related links -
Water Shortages Slow Energy Production Worldwide: http://bit.ly/1jqTv1Q
Infographic: Thirsty Energy - Energy and Water's Interdependence: http://bit.ly/1fP6QDh
About World Future Energy Summit (WFES)
Held under the patronage of H.H General Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the 7th edition of the World Future Energy Summit (WFES) runs from 20-22 January 2014 at the Abu Dhabi National Exhibition Centre with the theme of 'Powering the Future of Energy Innovation and Investment'.
Since its inception in 2008, WFES has grown to become the leading discussion platform for renewable energy, clean technology and sustainability, and it is now considered the preeminent international event for government and industry decision makers to find viable, sustainable solutions to the world's growing energy challenges.
Hosted by Masdar, Abu Dhabi's renewable energy company, WFES 2014 is the centrepiece of Abu Dhabi Sustainability Week, the largest ever gathering on sustainability in the Middle East. The event comprises a world-class conference that offers an unparalleled forum for political, business and intellectual debate and a large-scale exhibition which facilitates networking and transactions between manufacturers, suppliers and customers across both the public and private sectors.
Organised by Reed Exhibitions, WFES 2014 is co-located with 2nd International Water Summit (www.iwsabudhabi.com) and the first EcoWASTE exhibition (www.ecowaste.ae). For more information, visit www.worldfutureenergysummit.com.
Source: World Future Energy Summit (WFES)
strategic communication for development - pr audit Soren Bauer Phone: +43 664 530 7334 Skype: soren.bauer
Copyright 2014 ACN Newswire. All rights reserved.
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