WRRC Webinar Explores Global Water Bankruptcy
Global water scarcity is often described as a crisis, but according to Kaveh Madani, Director of the United Nations University Institute for Water, Environment, and Health, this term is misleading. Crisis implies a short-term, reversible disruption. The world’s human-water systems are well beyond the crisis point. Instead, these systems are entering global water bankruptcy following a period of water insolvency so prolonged that many of its impacts have become irreversible.
On June 10, 2026, the WRRC hosted a webinar with Madani to discuss his framework for the state of global water resources and to imagine a path forward. During his presentation, Madani explained that a water system is like a bank account, with savings, income streams, and expenditures. In many water systems across the globe, expenditures have exceeded supplies for a while now, and this extended insolvency is causing permanent damage. By acknowledging water bankruptcy, governments and institutions can adapt to the post-crisis world. “We can’t bring all components of the environment back,” he said, but through collaboration, policy reform, and investment, the global community can move forward. The undeniable importance of water means it has the potential to be a unifying factor in a divided world. After his presentation ended, Madani answered questions about water as natural capital, the possibilities and pitfalls of governmental collaboration, and more.
Madani was awarded the prestigious 2026 Stockholm Water Prize for his work in global water conflict resolution. The award will be officially presented to him by His Majesty King Carl XVI Gustaf of Sweden at the Stockholm Water Prize Award Ceremony and Royal Banquet this August.
To reach a wider audience, the recording of Madani’s presentation is being posted on YouTube as well as on the WRRC website.