Discussed last week at the forum's annual meeting in Davos, the report on managing future water needs argues that "we are now on the verge of water bankruptcy in many places, with no way of paying the debt back".
Many of the "regional water bubbles" are already bursting in parts of China, the Middle East, the southwestern US and India, and "more will follow", with serious consequences for regional economic and political stability, the report continues.
Climate change further adds to the urgent need to manage water efficiently, the report notes. In many parts of the world, glaciers act as "water banks". For example, melting glaciers in the Himalayas and Tibet alone will cause serious water supply problems for more than two billion people, it predicts.
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