The world has entered a new era of ‘water bankruptcy,’ U.N. report says

Climate change, pollution and decades of overuse have pushed the world into a state of “water bankruptcy,” leaving essential sources of fresh water irreparably damaged and billions of people without enough water to meet their basic needs, United Nations experts declared on Tuesday.

In a sweeping report from United Nations University (UNU), the international agency’s research arm, scientists compared humanity to a person plunging into financial ruin. Not only does the world overspend its annual water “income” — the renewable flows that come from rain and snow — but it has also exhausted the long-term “savings” stored in underground aquifers, glaciers and ecosystems. At the same time, people are allowing pollution from human waste, agriculture and industrial operations to contaminate the dwindling fresh water that remains — like someone setting fire to the last few dollars in their wallet.