“Much of the world is parched. In July, just under 56 percent of the contiguous United States was experiencing drought conditions, the most extensive area in the 12-year history of the U.S. Drought Monitor. Elsewhere drought-like conditions may be in store for India and Pakistan, where monsoon rains have been significantly lower than normal2; parts of the Korean Peninsula continue to endure the worst drought in more than a century; and dryness in Russia is threatening vital wheat crops in that country. Basically, water, the once plentiful resource, is growing scarcer. And that scarcity is a finance issue one that has the potential to disrupt business and supply chain operations, lead to increased costs, and increase the price of commodity products. Part of the problem is that the demand for fresh water has doubled over the past 50 years. Moreover, it is likely that things may get worse. So much worse that it is projected that about half of the worlds population may experience water scarcity by 2030.”
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