Water Conservation updates

The World Bank to launch world’s first sustainable water bond

The bond is aimed at advancing water and ocean stewardship and the first bond has been priced at SEK1bn (£85m). The seven-year bond, announced on Friday (31 August), is the first in a new series of Sustainable Development Bonds that aim to raise at least $3bn for projects that improve sanitation, water access and marine protection efforts. The series of bonds form part of The World Bank’s ongoing efforts to engage investors with the United Nations’ (UN) Sustainable Development Goals (SDGs). Specifically, they have been created to encourage investment in achieving the aims of SDG6, clean water and sanitation, and SDG14, life below water. The announcement comes shortly after a report from the Global Water Intelligence (GWI) revealed that total worldwide investments into water infrastructure must reach £342bn ($449bn) each year between 2018 and 2030 if SDG6 and SDG14 are to be achieved on time. It also comes at a time when the green finance market is growing exponentially, with the green bonds market growing by a staggering 78% between 2016 and 2017, for example. Just last week, SSE issued a green bond worth €650m, confirming the big six supplier as the largest issuer of green bonds from the UK corporate sector. https://bit.ly/2NdYF9A


Pani Raises Seed Round To Build Water Efficient Smart Home IoT Products

Pani, a smart-home IoT company building consumer products that help people understand their water usage, incentive water conservation and reduce water bills, has raised $1M in seed round financing. Pani’s new capital will fund hiring, product development, and strategic initiatives with key go-to-market partners. Pani, a smart-home IoT company building consumer products that help people understand their water usage, incentive water conservation and reduce water bills, has raised $1M in seed round financing. The lead investor is Blake Chandlee, the former VP of Global Partnerships who joined Facebook in 2007 to lead its international expansion. Pani’s new capital will fund hiring, product development, and strategic initiatives with key go-to-market partners. Based in Austin, Pani Systems is building smart-home appliances that help utilities and consumers measure, monitor, and repurpose water. Fusing innovative hardware, software, big data and machine learning, Pani Systems will help people become more mindful consumers of water and increase water resiliency through behavioral and technological innovation. Keep in touch at http://www.getpani.com, or join our team at jobs(at)getpani.com.



WWF water security report

A new WWF report finds ASEAN’s biggest banks are increasingly aware ASEAN banks need to better manage climate risk to ensure region’s food and of the impact that their businesses have on the environment and society but are slow to act on the huge potential they hold in addressing climate change and financing sustainable food, energy and infrastructure systems in the region. The region is particularly vulnerable to climate change which exacerbates food and water insecurity. By not considering these issues, banks stand to miss out on ‘game changing’ opportunities for the region’s sustainable development and may face unmitigated climate risks in their own balance sheets. The report, published in collaboration with National University of Singapore (NUS) Business School’s Centre for Governance, Institutions and Organisations, finds that ASEAN banks are not disclosing how they manage climate risks in line with the recommendations of the Taskforce for Climate-related Financial Disclosures (TCFD). Of the 34 banks assessed, only four disclosed that senior management has oversight of climate change risks and opportunities, a key recommendation of the TCFD. Meanwhile, no banks disclosed whether they review their portfolio exposure to climate risks nor disclosed their portfolio alignment with the Paris Agreement or the SDGs. https://bit.ly/2NARzMF



A 28-year-old MIT graduate has created a leak-detecting robot that could eliminate some of the 2 trillion gallons of wasted drinking water annually

by Peter Kotecki

You Wu, MIT graduate has developed a robot to find leaks in water pipes. As the robot moves with the water through a pipe, its “hands” touch the pipe and feel the suction forces caused by leaks, Wu told Business Insider. The robot is designed to inspect pipes without interrupting the water service, and it can be put into pipes in hydrants and in three-way junctions. From there, an analytics system creates a map that tells pipe operators where the leaks are, how large they are, and what the probability of catastrophic failure is. So far, the robots have been tested in Saudi Arabia, Virginia, and the United Kingdom. WatchTower Robotics is also conducting pilot programs in Massachusetts with the Cambridge Water Department and in Australia with the pipeline-service company Detection Services. Wu’s Lighthouse was also recently named the national winner of the James Dyson Award, an international design competition. “My eventual goal is to put our robotic tools into the hands of field technicians in every single city around the world, so that every single city in the world can have less water loss due to leaks and support more population growth,” Wu said. https://read.bi/2NA2m9S



Atlanta’s ‘Riverwalk’ along the Chattahoochee gets major boost

By Maria Saporta 

Invest Atlanta, at its meeting on Aug. 29, voted to approve a pivotal land swap between the city and the development group of Chattahoochee Trails LLC and Kovach Development. In the swap, Atlanta will receive 22 acres while the developers will get about 8 acres. That will give the city the ability to build nearly one mile of trails along a 200-foot buffer along the Chattahoochee River and a 75-foot buffer along a portion of Proctor Creek. It is a strategic piece of property to begin implementing the vision of opening up Atlanta’s riverfront to the public because it is where Proctor Creek meets the Chattahoochee River, and it is location of a proposed pedestrian bridge that would cross into Cobb County. Imagine being able to go from the Proctor Creek Greenway, the first leg which has already been developed, to a trail along both sides of the Chattahoochee River. Eventually the goal is to have a trail that would link the pedestrian bridge with the Silver Comet Trail, which extends all the way to the Alabama border. https://bit.ly/2wCGOiQ



Coca-Cola Water Stewardship

Projects implemented by the end of 2017 are replenishing an estimated 248 billion liters per year through community and watershed projects globally, as estimated with the help of our many reputable partner organizations using peer-reviewed scientific and technical methods. You can learn more about some of these projects through our Water Map. The replenish projects we support focus on improving safe access to water for human consumption and sanitation; protecting watersheds by improving water capture, storage and quality; and providing water for productive use, such as increased water availability or water efficiency in farming. Replenish volume contributions from these projects in 2017 were 81% for protecting watersheds, 15% for water for productive use, and 4% for safe access to water and sanitation. Of central importance to the health of our communities is access to clean water and sanitation. Nearly 3 million people have gained access to more safe drinking water and sanitation through our water programs. In 2004, we were using 2.7 liters of water to make 1 liter of product. That means that 1 liter of water was in the product and another 1.7 liters was used in the manufacturing process, mostly for keeping equipment clean. At the end of 2017, we were using 1.92 liters of water to make 1 liter of product, with the goal to reduce it to 1.7 liters of water by 2020. Through improved water-use efficiency, we can save around $1 billion (cumulative 2011 through 2020) systemwide in water acquisition, internal handling and discharge fees. https://bit.ly/2NMsknp