The Global Water Crisis: How Companies Like Pine River Capital Management Have Impacted Through Philanthropic Efforts

Since elementary school, you’ve probably made it clear that the earth’s surface is mostly water, and if you’ve been fortunate enough to grow up in a developed country, you probably never had to wonder when and how you would access it. this. When you are thirsty the sink can fill your glass, a toilet is available for sanitary waste disposal, and your shower can keep you clean any time of the day. As a result, it can be hard to imagine that access to clean, safe water will ever be difficult, but for nearly a billion people on this planet, it is their daily reality. In fact, only three percent of the world’s water is fresh water, and two-thirds of that water is either frozen in glaciers or unavailable.

Climate change has only exacerbated these difficulties, altering weather and water conditions around the world, leading to both droughts and floods. Scientific estimates show that 64 percent of the world’s wetlands have disappeared since 1900, and our rivers, lakes and aquifers essential to human life since the beginning of civilizations are drying up or becoming too polluted to be used. Additionally, our farming practices force us to consume more water than any other single source, but much of it is wasted due to inefficiencies.

Although clean drinking water is the most basic basic need for life on Earth, billions of people around the world struggle to access the quantity and quality of water they need for drinking, cooking, wash, wash their hands and grow their food. It is the global water crisis. When people acquire the ability to obtain safe drinking water quickly and efficiently, they are better able to practice good hygiene and sanitation. The arduous time that was previously spent collecting and collecting water is freed up for other activities such as work and school, and once struggling communities begin to thrive.

The solution to the global water crisis is simple: create access to clean drinking water for communities that lack it. Fortunately, there are charities that strive to do just that on a daily basis. One of the prominent nonprofits in this area is Charity: Water, which finds organizations that provide sustainable water services and uses donations to fund their drinking water supply projects. In particular, the charity: water is known for its transparency, pledging to ensure that 100% of its public donations go exclusively to the financing of water-related projects.

Nonprofits like Charity: Water has the capacity to have a huge impact on millions of people, but only if they are given the funds to do so. In this way, individuals and businesses can truly be a driving force in tackling the global water crisis. For example, the asset management company Pine River Capital Management (“Pine River”) has been funding charitable: water projects for at least eight years and has contributed to at least 69 projects to date. Pine River has been committed to charitable giving since its inception in 2002, believing that lasting change can be made by giving back to its local and global communities.

Pine River’s belief is supported by results, as water nonprofits such as Charity: Water have been able to make significant strides in the global water crisis over the past decade and a half. Below is a more in-depth look at the global water crisis and the impact of the work of these charities.

Water scarcity is the problem

Basically, the global water crisis is due to what is called “water scarcity” or “water stress”. The simplest example is when an area or community experiences a demand for clean, safe water that exceeds its supply. The majority of the world’s fresh water – about 70 percent – is used for agriculture. About 19 percent is for industrial uses, and the remaining 11 percent is for domestic uses that include drinking water. As for the water sources, they are distributed between surface water such as rivers, lakes and reservoirs and groundwater which is accessed through aquifers.

There are two main factors that cause water scarcity: physical scarcity which is water scarcity due to local ecological conditions such as drought; and economic scarcity which is caused by a lack of hydraulic infrastructure such as wells or water supply systems. While the two factors together can cause water stress, the drinking water and sanitation problems that many face are more often caused by economic factors such as lack of political or financial means to create the necessary infrastructure. In the United States, for example, while the southwestern region suffers from physical scarcity due to its arid landscape, it has the infrastructure to provide clean drinking water to the millions of people who live there on a daily basis. Conversely, the water crisis in Flint, Michigan was not due to a lack of physical accessibility to water, but to economic problems and a poor government response.

Global warming is expected to increase physical water stress in affected regions in the coming years, and the number of areas under water stress is expected to increase. The most recent comprehensive climate science assessment by the Intergovernmental Panel on Climate Change has indicated that as global warming continues over the next two decades, droughts will become more common. , as well as forest fires and floods. As droughts become more frequent and last longer, precipitation will in turn become more intense and lead to flooding more quickly.

The impact of philanthropic efforts

Of course, water stress can be very damaging to public health and economic development. Lack of access to safe and clean water, especially when it means a lack of sanitation, can promote the transmission of diseases such as cholera, typhoid, polio, hepatitis A and diarrhea. Two million people, mostly children, die each year from diarrheal diseases alone. When water is scarce, farming suddenly becomes much more difficult, threatening a community’s access to food and potentially leading to acute and chronic hunger. Malnutrition-related conditions such as stunted growth or wasting can result, as well as other chronic diseases caused by poor nutrition such as diabetes. Even if a community has accessible drinking water, members will often have to travel long distances and queue to gain such access. Women and children are usually the ones who are supposed to do this work and, as a result, miss out on valuable time that could be spent at work or school.

Every day, women and girls spend 200 million hours walking to collect water for their families, which has a huge impact on their ability to go to school or earn an income. Women in particular face difficult challenges when living in communities where water is scarce, and will often drop out of school once their period begins due to lack of clean water, latrines and sanitation supplies. . When this spreads at home, it can make childbirth even more difficult and contributes to high rates of illness and death among mothers and newborns.

Thanks in part to nonprofits such as Charity: Water and steadfast donors such as Pine River Capital, progress has been made on the global water crisis. The number of people without access to drinking water fell from 1.1 billion in 2000 to 785 million in 2017, this decrease was in part impacted by the efforts of water-based charities and their donors.

This article does not necessarily reflect the views of the editors or management of EconoTimes.