The Economist: Australia facing “severe water shortage” as population explodes

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By Leith van Onselen

The Economist ran an interesting article on how overpopulation and climate change are straining the world’s water supplies, with Australia likely to experience a “severe water shortage” by mid-century:

Last year Cape Town in South Africa averted only narrowly the unwanted prize for being the first of the world’s big cities to run out of water. By the time rain finally broke a three-year drought, water levels in the reservoirs supplying the city had fallen to below 20%, and officials were discussing the feasibility of towing an iceberg from Antarctica to provide meltwater to drink. Four years earlier, it had been São Paulo in Brazil that had teetered on the brink, with reservoirs reduced to 5% of capacity.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.