Is Water the New Oil: A Cost Based Approach |

Is Water the New Oil: A Cost Based Approach

Synopsis:

With a lot of talk revolving around water as the new oil, business and industry which globally constitute 22% of water consumption are starting to realize the importance of water for their day to day business. While no business can do without this precious resource, some industries are more heavily reliant upon it than others and this again differs depending on regions. In the face of climate change alongside population and economic growth, looming water shortages and increasing demands are exercising pressures on this already strained resource.

In order to assess the magnitude of water's impacts on companies, a three step evaluation approach was taken to establish a true cost for water via desalination as a source in water-stressed regions, conventional secondary treatment with biological nutrient removal, and finally the closing of the water loop.

The results hereof are then analysed in a business context by contextualizing the costs of water as a fraction of total costs. The main cost components of water that were considered in this study are capital, energy and carbon costs.

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Speaker(s):

Christian Leusder, Imperial College Exchange Researcher

Date:
Friday, 12 August 2011
Time:
12.30 p.m. - 1.30 p.m.
Venue:

Seminar Room 3-5
Level 3, Manasseh Meyer
Lee Kuan Yew School of Public Policy
469C Bukit Timah Road
Singapore 259772

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