Dive Into These Water ETFs For Big Gains
Zacks Investment Research | Mar 21, 2019 11:00PM ET
Every year, Mar 22 is observed as World Water Day, advocating the sustainable development of water. This is because water plays a major role in the evolution of economy and human life, and consequently needs to be conserved.
Climate change, pollution, poor sanitation, an ever-expanding population, and increasing consumption have resulted in water scarcity in many parts of the world. Wastewater runoff from agriculture, industry, and expanding cities, especially in developing nations, is another major issue. In fact, the International Food Policy Research Institute anticipates a gap of 40% between water demand and supply over the next 15 years.
Global demand for water has been rising at a rate of 1% annually, and would continue to grow significantly during the next 20 years, per United Nations. Notably, about 70% of the total demand comes from irrigation while demand from industrial applications and domestic households account for about 22% and 8%, respectively (see: Zacks Investment Research
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