In this article, Professor Adrian Johnson and Dr Bruce Horton of Stantec argue that a multi-capitals approach will enable the water sector to learn from the Covid-19 crisis to effectively tackle the climate emergency.
They set out the challenges faced by the current crisis for the water sector, and how water companies and others are successfully facing these. They then explore the links between Covid-19 and the climate change within the context of a multi-capital framework, looking at manufactured, social, financial, human, natural and intellectual capital in turn. The lessons associated with each of these are drawn out, concluding that water investment based on a multi-capitals approach can be a fundamental driver of a post-crisis clean, green recovery that is inherently resilient.
About the Authors
Adrian's experience is primarily in the water sector. He specialises in sustainable develoment, climate change, and carbon management.
Bruce is an expert in environmental and resource economics and policy, Dr Horton has worked extensively for public and private sector organisations in the UK and internationally, predominantly in the water sector.