OECD-Backed Group Urges Global Pact to Tackle Growing Water Crisis

The Global Commission on the Economics of Water, supported by the OECD, has issued a call for a new international agreement to address the growing global water crisis. The commission’s report warns that without immediate action, water scarcity could reduce global economic growth by at least 8% and threaten half of the world’s food supply by 2050. The commission emphasizes the importance of transforming water consumption, enhancing infrastructure investments, and reforming agriculture subsidies that encourage overuse of water resources. #WaterCrisis #OECD #GlobalEconomy #ClimateChange #Sustainability