A new EU development report recommends several actions the public and private sectors, as well as the European Union, should adopt in managing the world’s critical resources.
The report, titled “Confronting Scarcity: Managing Water, Energy and Land for Inclusive and Sustainable Growth,” notes the problems afflicting billions of people around the world: 1 billion are suffering from malnourishment, close to a billion have no access to safe drinking water, and 1.5 billion live without electricity.
These problems can be further exacerbated by the increasing demand for water, food and energy, which are increasingly becoming scarce as the world population grows. And the report says tackling these problems require an integrated approach.
The report offers several plans of action to the European Union, including pushing for changes in internal and external policies affecting consumption, production, trade and investment in the region. Governments, meanwhile, should improve their coordination, and develop frameworks that are conducive to private-sector development.
As for the private sector, the report says companies should use resources efficiently through innovation, promote sustainable consumption among consumers and understand the water-energy-land nexus among others.
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