Posts tagged ‘World Economic Forum’
The Annual Meeting of the New Champions 2011 (“Summer Davos”) is taking place this week, and we thought it’s a great venue to announce our first research report. This report, planned to be the first of many, shows the connection between water prices and water loss rates. Water loss is a key metric that impacts the sustainability, conservation and efficiency of water networks.
In some of the world’s cities, water is priced lower than the costs to pump and transport it, let alone sustain its delivery infrastructure: the network of pipes, pumps, reservoirs and valves that brings water to our homes. In some places water is free.
The question raised by TaKaDu’s research was whether the price of water also affects water loss rates. Theoretically, water underpricing can lead to undervaluing of water and underinvesting in the water distribution network.
Water pricing doesn’t impact residential consumption alone. Globally, only about 10% of water is used residentially, while the remaining 90% is used for agriculture and industry, so water mispricing obviously affects the way all sectors use water.
You can read more by clicking on the ‘Continue reading’ link below.
TaKaDu, the company I founded two years ago, addresses water security by looking at ways to minimize water loss and make water networks more efficient, typically in an urban water distribution system. The number that underlies all this is that 25% of water is unaccounted for after it enters the distribution system and before it reaches consumers. In some countries, this number can reach 50% or more. TaKaDu’s solution makes more water available to more people, and will hopefully make the problem of water scarcity less acute. I think about these issues all day long, thinking about the underlying unique technology we’ve developed and keep developing, our partners and customers.
TaKaDu’s Founder and CEO, Amir Peleg, a 2011 World Economic Forum Technology Pionner, is attending “Summer Davos” in Tianjin and will be participating in an IdeasLab session titled “The Next Wave of Green”.
This session featuring the Forum’s Technology Pioneers will look closely at green solutions, including smart water grids, fuel cells, next-generation lithium-ion batteries, eco-friendly materials, and more.