America’s Water Initiative Events
America’s Water – One Trillion Dollars for America’s Water Infrastructure: How & What for?
The 2019 installment of Columbia Water Center’s event series once again brought together some of the country’s top water professors, professionals, financiers, regulatory and government figures to address the solutions to America’s water crisis. The program addressed several topics of critical importance; climate risks, urban water infrastructure, emerging technologies, and the food/energy/water nexus. With the aim of facilitating multidisciplinary collaboration and coordination, leaders from the private sector were invited to provide perspectives from financial institutions on how to best deploy capital to solve the water crisis.
Introduction & Morning Keynote
Professor Upmanu Lall, Director of Columbia Water Center, began the conference by setting a collective goal, “The US should be a beacon”. Local communities across the USA face a major challenge of aging infrastructure that is compounded by increasing climate variability and extremes. Water and wastewater services have significantly deteriorated. These are global challenges. Technical, financial and governance innovation in the USA would provide a global road map.
Mayor Lionel Johnson of St. Gabriel, Louisiana emphasized that government, and specifically local governments are eager to be involved in the conversation, “We cannot live in silos, we have to bring all facets together.” As co-chairman of the Mississippi River Cities and Towns Initiative, Mayor Johnson provided an overview of some specific water challenges faced by communities along the Mississippi River system, including access, flooding, and contamination, as well as challenges attracting private investments in smaller community water systems. Mayor Johnson stressed that, “Water is a vital part of our economy. We need to rethink the way that we view, use and talk about water.”
Water and Energy Transition
Ms. Christina Copeland (Senior Manager, Water Security, CDP) moderated a panel of two water industry veterans, Mr. Dustin Brownlow (Co-Founder & CEO, Antelope Water Management) and Ms. Jill Cooper (Senior Principal Consultant, Geosyntec Consultants), who discussed the energy transition and unfolding decarbonization which requires new solutions to ensure sustainable development is achieved without sacrificing local water resources. The panelists also discussed how companies such as Antelope and Geosyntec are leveraging new technologies and processes to increase efficiency and lower freshwater usage in mining and the oil & gas sectors as part of the energy transition.
The Outlook for Water Infrastructure
One of the key themes of the conference was discussed in the morning’s second panel, moderated by Mr. Damian Georgino (Senior Counsel, Norton Rose Fulbright). The panelists discussed new financing solutions which are needed to meet the funding gap for water to deliver climate resilient infrastructure for urban and rural areas. Increased infrastructure spending and clean water have bi-partisan and public support, and a wave of capital spending could be deployed in this space over the coming decade. Some of the key take-aways: In order to solve the trillion-dollar infrastructure issues in water, private and public entities MUST work together. Water systems must evolve how they operate by modernizing systems, processes, and technology. The fragmentation of water infrastructure could be improved with connectivity of actionable data, which would drive sustainable results and outcomes.
Tom Rooney (Chairman, CSWR) and Zachary Sadow (Co-Founder and CFO, Antelope Water Management) engaged in a conversation about the multi-faceted challenges facing water infrastructure globally, drawing from Mr. Rooney’s extensive experience spanning industry, government, and finance. Today, Mr. Rooney advises on some of the most complex water challenges and has joined Sciens Capital in its efforts to revitalize small, stranded utilities. Some of the key takeaways included Mr. Rooney’s thoughts on the value versus the price of water, as well as his articulating the importance of the integration of new technologies with fresh infrastructure investments.
Mr. Rooney sees the disconnect of the value and price of water as stemming from a broken narrative of the perceived costs and benefits of water. In addition to the health benefits, the economic benefits associated with a community, city, or country’s ability to grow and facilitate a dynamic economic environment can often come down to its ability to provide ample clean water supplies. Often, the value, cost, and price disconnect associated with this challenge is not understood by the public, and not reinforced by government officials. Mr. Rooney emphasized the importance of effective communication and collaboration, “Between educators, politicians and thought leaders, we need to bring together these disconnects of how we discuss water. That’s when you’re going to see some momentum in the water area.”
Importantly for the large investment constituency at the conference, Mr. Rooney believes there are substantial differences in how government officials and financial markets view investing in water, despite both potentially benefiting from significant pent-up demand and a large total addressable market. He believes the challenge is enabling civic leaders to better educate the public on the cost and value of water in a way that encourages the financial sector to bring the technology and investment, despite various recent high-profile negative investment outcomes in the water space. Unfortunately, Mr. Rooney believes this continued disconnect is forcing private capital to remain on the sideline.
To address this challenge, Mr. Rooney believes municipal leaders should stand down from feeling they are under political pressure and allow for the deployment of new technology and infrastructure. Short political cycles coupled with long investment horizons leads many municipal leaders to prefer to be left in the dark when it comes to their extent of knowledge of the state of water infrastructure. Mr. Rooney believes Artificial Intelligence and big data represent major potential, particularly when paired with infrastructure upgrades. Combining these technologies with mapping platforms and sensing capabilities could have sizable economic and health benefits, including the potential to predict early epidemic outbreaks and stem non-revenue water.
Water Solutions for Utilities and Industry
Sucharita Dasa (Director of Investment Banking, Barclays) facilitated a lively conversation about new technologies and processes which are being developed to improve water efficiencies for utilities and in the industrial sector. Mr. Patrick Decker (President & CEO, Xylem), Mr. Ed Clerico (CEO Emeritus, Natural Systems Utilities), and Mr. Christopher Mann (Partner, Sullivan & Cromwell, LLP), discussed rising consumer awareness of the dire state of the country’s infrastructure and the need to further educate consumers on the value of wastewater treatment, particularly recycling. One of the major takeaways from this panel was the passion, vision and conviction these leaders use to drive their companies to the forefront of water innovation.
Investment Opportunities in Water
From an allocator’s perspective, there are clear opportunities in the water space. Mr. Alexander Loucopoulos (Partner, Sciens Capital) gave an overview of what investors in water are looking at, what criteria they use, and where investors see the current opportunity set. For example, investment in water has historically been categorized as either in Infrastructure and/or water technology. The panelists discussed how there are more opportunities created in both middle market and in the part of the value chain that unlocks technologies and helps scale and commercialize these opportunities. Mr. Loucopoulos framed it well when he said, “I don’t see a $1 trillion problem, I see a multi-trillion-dollar solution.”
Water & Venture Capital
Mr. Mark Kropliak (Former General Counsel, Aqua America) moderated a panel of energetic entrepreneurs in the day’s final panel. Water remains one of the most underfunded and slowest sectors in terms of technological adoption. The panelists, all CEOs and co-founders of private start-ups with new offerings, discussed how their businesses are disrupting the water delivery model. Maher Damak (CEO, Infinite Cooling), Bessie Schwarz (Co-founder, Cloud to Street), and Daniel Zilante, (CEO, Zilper Trenchless) shared insights on the road to market adoption from capitalization.
Two of the panelists came to the conference from MIT, having both just won awards at the prestigious MIT $100k Entrepreneurship Competition. Clearly water, technology and innovation are beginning to be front and center amongst the top engineering and finance minds. One of the key take-aways: water startups need to focus on the unit economics in order to become sustainable companies.
Columbia Water Center thanks all the moderators, panelists and attendees who participated in this stimulating conference and helped keep the conversation moving forward. We are glad to provide a platform for collective action, and sharing examples of success and failure, as innovators explore how to meet the challenge in different ways. Our collective basic and applied research can help build a transition for the 21st century. Support and engagement from the industry and governments is much appreciated.
The Columbia Water Center was greatly assisted by this year’s major sponsor, Sciens Capital, a New York based private equity firm whose goal is to fix water infrastructure in the US.
America’s Water: We Know the Problems, We Know the Solutions, The U.S. Can Get to an A Rating
On May 1, 2018, the Columbia Water Center hosted its fourth annual workshop on the future of water in America, sponsored by the National Science Foundation. This year’s event, America’s Water: We Know the Problems, We Know the Solutions, The U.S. Can Get to an A Rating, jointly hosted by U.S. Water Partnership, brought together academia, NGOs, corporations and government agencies to discuss what we know about our nation’s water data and how we can use it to help us better understand the root causes of our water crisis, public and private funding mechanisms and ways the water sector can unite and modernize to effect significant change.
The First Lady of New Jersey, Tammy Snyder Murphy, gave the keynote address. She spoke about several issues involving local water problems, but also acknowledged that achieving water security is something everyone needs to consider.
“We must recognize that solving our water crisis isn’t the responsibility of one sector or one state or city. It’s a shared responsibility among all of us.”
Upmanu Lall, director of the Columbia Water Center, gave a presentation titled, America’s Water Future? Financing & Achieving Sustainable Development, which was an overview of the current state of infrastructure, flood risk exposure, water quality trends, then moved into new business model ideas and water delivery mechanisms and concluded with the optimization model used to help facilitate investment and outcomes.
A diverse group of panelists from varying sectors each presented on where they saw possible areas for improvement. After the presentations, Zachary Sadow, Research Analyst at Barclays, moderated an in-depth discussion between the panelists followed by questions from the audience.
Howard Neukrug, founder of the Water Center at the University of Pennsylvania, gave a talk titled, Finding Real World Solutions to Our Shared Water Problems, where he emphasized the importance of collaborations among practitioners, scientists, engineers, academics and entrepreneurs to devise new solutions to our water problems. Additionally, he spoke about how transformational innovative technologies are slowly getting incorporated into our water sector where we are currently relying on systems that were built in 1910, the 1950’s, and the 1980’s. Global centers outside of the U.S. in places such as Singapore and the United Arab Emirates are currently leading water sustainability and hopefully one day the U.S. will once again be a global leader in water infrastructure.
Hubert Fleming, Head of Water Management, Anglo American, gave a talk titled, America’s Water: A Global View, which discussed how the U.S. compares to other countries in regards to investments in infrastructure and opportunities to improve management, delivery and reuse of water resources.
Jennifer Wu, Director, BlackRock Sustainable Investment, gave a talk tilted, From an Investors Standpoint, which discussed two ways in which investors approach mitigating financial risks relating to water- either by directly investing in innovative clean technologies or rewarding companies that integrate Environmental Social and Governance criteria and have a strategy to address water stress risks directly.
J. Carl Ganter, Co-Founder and Director, Circle of Blue, presented from a journalists’ perspective and started out by stating that this country is in the midst of a national trust deficit brought on by fake news reporting. In regards to water security, Ganter questioned how we can align waters’ value with our own value system, in what he called an era of diversion in perception and reality.
After the panel discussion, guests were tasked with brainstorming ideas and solutions to various current events relating to changing climate and infrastructure such as the recent hurricanes in Texas, Florida and Puerto Rico, the Oroville Dam failure, water quality in Flint, MI and elsewhere and the role of the federal government.
Some ideas that were generated included recommendations for when natural disasters occur- talking to the local residents to understand where the priorities are, and assessing the human capital specifically in regards to the migration of the fittest and wealthiest, leaving the poorest populations to try and rebuild. Suggestions also included that the private sector can play a role in rebuilding by investing in new infrastructure and, in the case of Puerto Rico, using tourism dollars to fund these projects.
It was noted repeatedly that action is spurred on by crises and that this is partially due to a lack of education around the value of water. The public tends to respond with emotions, after disaster has struct, instead of being proactive. Every sector, the general public, politicians, investors, need to have a better awareness and understanding of the value of water and the risks involved with doing nothing to improve our current infrastructure and way of doing things.
Finally, Ali A. Zaidi, Of Counsel, Morrison Foerster, Fellow at the Center on Global Energy Policy, Columbia University School of International and Public Affairs, delivered the concluding remarks. He closed the symposium on a positive note, suggesting that although much of the progress that was made to address these kinds of issues under the Obama administration have been challenged or overturned, it is still possible to move the needle forward under the current administration.
More details from the event were published in a recent blog post on State of the Planet, available here.
America’s Water: The Changing Landscape of Risk, Competing Demands and Climate
On March 23rd, Columbia Water Center hosted America’s Water: The Changing Landscape of Risk, Competing Demands and Climate. This presentation and panel offered the opportunity to hear from the researchers of Columbia Water Center’s signature initiative, America’s Water, which seeks to research and inform water infrastructure improvements in the United States through innovative management solutions, new technologies, and new policies. Attendees learned about the AWASH (America’s Water Analysis, Synthesis, and Heuristics) model which connects water supply and demand to a wealth of sectors, dynamics, and decisions around water, energy, and food. The event concluded with a Q&A where audience members asked questions regarding agricultural water needs, the future of water-related data collection, water crisis preparedness, among others. We applaud and thank Director Upmanu Lall, and panelists James Rising, Naresh Devineni, and Laureline Josset for sharing their insights during this event, and for their ongoing commitment to this ground-breaking project. To learn more, download the presentation materials here.
Americas’ Water: When Global Challenges Hit Home
On March 23, 2017, the Columbia Water Center hosted its fourth annual workshop on the future of water in America, sponsored by the National Science Foundation. This year’s event, Americas’ Water: When Global Challenges Hit Home, jointly hosted by the international organization WaterAid, brought together academia, NGOs, corporations and government agencies to discuss innovation and new technologies and disaster preparedness across the American continent both here in North America as well as South America. Over 100 business leaders, policy experts, investors and researchers discussed solutions to these problems, with the hope that these important conversations will lead the two American continents to a sustainable water future and provide a model for other countries in the world to follow.
After a brief introduction, Upmanu Lall, the director of the Columbia Water Center, first outlined the goals of the day’s workshop before giving the floor to the first keynote speaker, the President of Columbia University, Lee C. Bollinger. President Bollinger spoke about the challenges faced by today’s society in the areas of communication and democracy, and how universities must reform themselves, partner with world actors, and commit to provide the necessary resources and faculty to advance fundamental research in the realm of water. Bollinger emphasized the necessity to partner with outside entities from the beginning and see projects through to fruition to really effect change. He noted that:
“..everyone in the room can say there are problems. Income inequality, problems of droughts, problems of global warming, problems of this and that, all of us can identify those. That’s great, but the goal here is to say we’re going to identify problems that we can actually contribute to solving and solving them in a discrete period of time.”
The second keynote speaker of the day was Pedro Pablo Kuczynski, the President of Peru. In a prerecorded video, President Kuczynski discussed what is needed to preserve water quality and prevent further flooding and other disasters that have recently plagued Peru and its citizens. Lall summarizes Kuczynski’s address by saying:
“You can see why of all of the world leaders we are very happy to have the president of Peru talk because in a few minutes he captured the essence of all the issues that one has to deal with on water and is clearly signaling that they are intending to make serious progress on this issue.”
Finally, Dr. Lall emphasized the decay of U.S. dams and levees, discussed the growing need for new infrastructure designs that deal with climate, changing energy platforms, and globalization.
There were two panel groups during the day both moderated by Andrew Revkin, senior reporter for ProPublica. The first panel discussed issues of sustainability, water, and climate, and the necessary allocation, infrastructure development, and investment in each of those areas. Panelists included Marc Robert, Water Asset Management, Jeffrey Lape, U.S. Environmental Protection Agency, and Christopher Neale, Daugherty Water for Food Global Institute. The panel covered topics of water laws based on physical water processes, adequate metering, transparency of water costs, rebranding of waste water treatment, the role of academia in reframing the water problem as a solution game rather than a blame game and suitable measures for economic productivity to inform the valuation of water.
The key focus of panel 2 was to consider active strategies for climate, ecology, and socioeconomic disaster preparedness and resilience in the Americas for water using key financial instruments. This group included Mark Bove, MunichRe, Sarina Prabasi, WaterAid, Irwin Redlener, National Center for Disaster Preparedness, and Patrick Schultz, Veolia, contributing to the conversation. The panel covered topics of the insurance sectors’ lack of data to price flood risks, they need more than knowing what zones are more or less susceptible, should polluters be required to carry insurance for the catastrophic risk of disaster, the need to get insurers to insure reservoirs based on climate projections, and so on and that resiliency has translated into bigger walls to keep water out in many areas.
Prabasi spoke about WaterAid’s mission to serve the worlds poorest and most vulnerable people and explained how the issues for water security are really not here and there, but are global issues effecting not only the U.S but developing countries as well. She summarizes the focus of the panel by explaining WaterAid’s work as such:
“Without locally based infrastructure and skills and solutions, and without options for employment, there is no resilience. Our approach is very much about strengthening the community. While our focus is on water, sanitation and hygiene, for that to really be a long-term sustainable thing, it has to be integrated and owned and it has to provide options and livelihood for people who are involved in it.”
The event participants were tasked with answering several questions to help shed light onto the various issues presented during the panel talks. The questions ranged from topics on investment in water infrastructure, how to assure that the human right to water at a reasonable cost can be preserved and how financial risk management instruments improve preparation and response to climate and water related disasters. The discussion concluded with a recognition that a sustainable water future for the Americas’ entails innovation in key areas including accruing more data to understand what the root causes of the water crisis are, the mixing of financial instruments, public, and private sectors together is vital in order to complete any project or find solutions and that the water sector must unite and modernize to effect significant change.
The event concluded with a group discussion and final remarks.
America’s Water: Innovation at Work
On March 25, 2016 the Columbia Water Center hosted its third annual national workshop on the future of water in America. This year’s event, America’s Water: Innovation at Work, focused on three prominent themes facing water in America today – water infrastructure, financing water projects and the future of water utilities. This one-day event brought together over 100 business leaders, policy experts, investors and researchers who discussed solutions to these problems and the need to develop a water roadmap for the next 30 years that leads us to a sustainable water future and provides a model for other countries in the world.
Water Center director, Upmanu Lall, opened the event by addressing the grave situation of water in America today. He went on to introduce keynote speaker Ali Zaidi the OMB Associate Director for Natural Resources, Energy, and Science at The White House. Zaidi spoke about the path to progress the U.S. must make to diminish water risks.
There were two panels during the morning presentations that focused on the need to consider the important linkage between urban and regional water systems. The first panel was comprised of Christine Boyle, Valor Water Analytics, Albert Cho, Xylem, Pramod Khargonekar, National Science Foundation, Ed Rightor, Dow Chemical. William Becker from Hazen and Sawyer led this conversation as the specialists used their industry expertise to focus on driving innovation to secure water resources.
The key focus of panel 2 was to communicate America’s opportunities to encourage policy reform. This group had Brett Walton, Circle of Blue, Mary Ann Dickinson, Alliance for Water Efficiency, Lynn Broaddus, Broadview Collaborative, Inc., Peter Gleick, Pacific Institute contributing to the conversation. The discussion was led by Jon Freedman from GE.
After the morning session concluded, an interdisciplinary group of experts continued the conversation as teams. They were tasked with answering several questions to help shed light onto the various issues everyone was grappling with during the morning. The day’s discussion concluded with a recognition that a sustainable water future for the U.S. entails innovation in:
- Instruments for financing water infrastructure
- Utilizing existing and emerging technologies towards an integrated “One Water” view of water infrastructure
- Addressing fragmentation in the industry and creating opportunities for more efficiency
- Resilient systems design, operation, and management, learning from the energy sector, and addressing climate risks
To keep the momentum, the Columbia Water Center has brought onboard a core group of 6 experts for the America’s Water Steering Committee to help drive the development of an America’s Water roadmap. To develop a water roadmap we will consider regional and nationwide characteristics, investment goals on a federal, state and citizen scale, legal and regulatory reforms, implementation of measures to ensure operational efficiency and risk reduction, and societal benefits. The scope of this agenda requires close collaboration between federal agencies and local partners, a better exchange of ideas and data sharing between utilities and academic communities, and engagement of the entire water community. As a start, Columbia Water Center researchers are creating an outline from which the steering committee will establish a time line and deliverables for actionable change.
America’s Water: Partnering Science with Industry to Find a Way Forward
On March 12th 2015, more than 90 experts from industry, academia, environmental state agencies and the non-profit world met at Columbia University for the first annual “America’s Water” event, organized by the Columbia Water Center and sponsored by the PepsiCo Foundation, to explore America’s water challenges and develop a future plan for collaboration.
Watch video of the event.
Leading off the discussion, Upmanu Lall, director of the Columbia Water Center, made the case for both risks and opportunities in addressing water challenges, arguing that by solving America’s Water, we can create models and spark innovation that could be used around the world, a point that was echoed by Dan Bena, senior director of operations development at PepsiCo.
Throughout the day, participants listened to panel discussions outlining the scope and nature of Americas Water issues, and discussed various options for addressing them.
Among the diverse group, there was significant consensus that while technological solutions to water challenges exist or can be developed, what is most needed is policy and governance changes and most especially, changes in the way that we value and price water.
Read more about the event at the State of the Planet.
America’s Water: Renewing Our Aging Infrastructure
On Wednesday, October 23, 2013, the first session in the 2013-2014 Sustainable Development Seminar Series offered diverse perspectives and discussion on the needs and implementation challenges necessary for new sustainable infrastructure on a global level.
The speakers at the event were:
Daniel Bena, Senior Director of Sustainable Development, Pepsico
Upmanu Lall, Director, Columbia Water Center, the Earth Institute, Columbia University, Senior Research Scientist, International Research Institute for Climate and Society, the Earth Institute, Columbia University, Alan and Carol Silberstein Professor, Earth and Environmental Engineering, Civil Engineering, Engineering Mechanics, Columbia University
Peter Schlosser, Vinton Professor of Earth & Environmental Engineering, Professor, Earth & Environmental Sciences, Deputy Director and Director of Research, Earth Institute, Columbia University
Jeffry Sterba, President and Chief Executive Officer, American Water
America’s Water in a Global Context
On March 28, 2013 the Columbia Water Center hosted, ‘America’s Water in a Global Context’ looked at ways in which America can provide global leadership towards addressing the critical problems we face assuring water for people and the environment. The discussion focused on managing the total urban water cycle as well as the risks and opportunities for water systems.
Water is emerging as a major global risk and is listed by the World Economic Forum as one of the most likely and most impactful risk factors over the next ten years. Our hope was to provide a platform for America’s businesses and universities to innovate 21st century solutions that address local and global water problems. The panelists discussed how aspects of water risk can be mapped specifically to cities, companies, and their supply chains. The first panel focused on the issues associated with urban water development such as funding R&D and green infrastructure. The second panel discussed the value of water, the role governments and the financial community play in regulation and water research, and water’s broad impact on society and economic development.