Industry Task Force
The Resilient Water Accelerator
As part of his Sustainable Markets Initiative, The former Prince of Wales has launched the Resilient Water Accelerator, which aims to reach 50 million people in water-stressed areas with reliable and sustainable water sources by 2030. This will mean people having access to essential and dependable water services that will protect them in the face of future threats such as disease or the impact of climate change.
The launch of this initiative follows a pledge at the Sustainable Markets Initiative’s Roundtable on Water in London, at WaterAid’s Water & Climate Summit, to work towards boosting available finance for climate-resilient water programmes. Over the last year, the Sustainable Markets Initiatives’ Water & Climate Task Force has been working to turn this pledge into a reality.
The former Prince of Wales
The Covid-19 pandemic has reinforced the need to ensure access to clean water services around the world. Since the first meeting in March of last year, the Water and Climate Finance Initiative Task Force has worked steadfastly towards achieving this, by boosting climate funding for comprehensive scalable resilient water programmes.
I am delighted that the Resilient Water Accelerator is launching today, which will work to provide reliable and sustainable water sources in countries that are battling the devastating effects of the climate crisis.
I look forward to seeing further cross-sector collaboration and I hope that the Task Force continues to foster a diverse range of partners and proposals to find the ambitious solutions that are all too vital.
Letter of Intent
Faced with a cascading crises of a global pandemic, accelerated climate change and ecosystem collapse a coalition of organisations led by WaterAid, that includes the United Nations Development Programme, UNICEF, World Bank, World Resources Institute, International Water Management Institute, Water.org, Sanitation and Water for All, HM Government of the United Kingdom, Government of Bangladesh, Government of Burkina-Faso, Government of Nigeria, Government of the Netherlands, city of Maputo, Deloitte, Arup, and CDC Group commits to build the Resilient Water Accelerator, with the aim of:
Increasing the pipeline of high quality programmes for water infrastructure and services to reach by 2030 at least 50 million vulnerable people in water stressed areas in low – to middle-income countries to promote climate-resilient development.
Specifically, this will entail taking concrete steps to develop and support the most effective design approach for climate resilient water programmes, including for fast-growing areas, such as secondary cities in Africa and South East Asia, in a way that they can deliver comprehensive water security for people and businesses, and with a view for them to be able to access available climate finance (using millions to access billions). The coalition will work next to identify the 6 locations where the programmes will run in this first stage; mobilize the required funding for the programme design and work with investors to make available large-scale funding for the implementation of the pilots. The coalition is targeting location finalization by September 2021, with work on the ground set to begin in January 2022.
The launch of this initiative follows a pledge at the Sustainable Markets Initiative’s Roundtable on Water in London, at WaterAid’s Water & Climate Summit, to work towards boosting available finance for climate-resilient water programmes. Since then, the Task Force has been working together to design the programme being launched today.
Tim Wainwright, WaterAid’s Chief Executive
As the world hopes to emerge from the dark cloud of Covid 19, we have a real chance to seize the even bigger challenge of climate change. Without a reliable source of safe water, people cannot protect themselves, not just against disease but also the devastating vagaries of changing weather patterns.
Climate change means more floods, more droughts and more severe storms and dramatically increases the risks to communities that already do not know from one day to the next whether they will get enough clean water for their basic needs. This initiative aims to reach 50 million people, in some of the world’s most marginalised communities, with reliable and sustainable water services.
As we head into the crucial climate negotiations at COP in Glasgow later this year, this work will show that practical solutions to the water and climate crisis exist.
New research presented during COP27 found that African countries are dangerously overlooked when it comes to boosting climate-resilient access to basic water, sanitation and hygiene. There is a huge potential for the private sector to invest in water-projects at scale.