Climate-driven water shortages could take severe toll on global economies, warns World Bank

Madeleine Cuff
clock • 2 min read

Water scarcity is a major threat to economic growth and social stability around the world, according to new report

Water-stressed economies around the world could suffer a six per cent hit to their GDP, unless urgent action is taken to better manage limited resources, according to a new report released today by the...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Climate change

'Climate change kills': How climate impacts are driving up heatwave death tolls

'Climate change kills': How climate impacts are driving up heatwave death tolls

New study estimates Europe's recent heatwave caused 2,300 excess deaths across major cities, the bulk of which can be attributed to climate change

clock 09 July 2025 • 5 min read
OBR: Economic cost of climate change likely 'more severe' than previously thought

OBR: Economic cost of climate change likely 'more severe' than previously thought

Risks associated with climate change mitigation and damage could increase public debt by up to 74 per cent of GDP by 2073, OBR estimates

Stuart Stone
clock 09 July 2025 • 4 min read
Environment Agency updates farm irrigation rules as heatwave raises drought fears

Environment Agency updates farm irrigation rules as heatwave raises drought fears

Farmers have been urged to use water wisely as rising temperatures raise concerns over possible drought

Jane Thynne, Farmers Guardian
clock 02 July 2025 • 2 min read