There is a sizable water infrastructure investment gap in both the United States and around the world. In the U.S. alone, the American Society of Civil Engineers (ASCE) estimated this gap to be about $80 billion per year. The economic consequences of this underinvestment in water infrastructure are considerable. By investing $80 billion more, it would be possible to raise total annual economic activity by around $220 billion.
Despite declining oil prices, even relatively developed South Africa experienced rolling power outages due to breakdowns. Maintaining and expanding Africa's power generation capacity is crucial to food security today and economic growth in the future. We have a positive outlook for solar, LNG, wind, and on-site generation in Africa.
Since water resources touch on multiple concerns like food, energy, and the environment, integrated water resources management is frequently the most effective approach. Latin America and the Caribbean have an abundance of water resources, but that abundance can lead to waste. Even though the region has 30% of the world's water resources on 15% of its land, water is scarce in many parts of Latin America and the Caribbean.
While liberalizing electricity markets is a worthy goal, it can only be achieved by adhering to best practices. Lowering barriers to entry, maintaining liquidity in consumer markets, and protecting consumers are vital steps.