Conflicts over water have increased fourfold in the past decade. Diplomatic efforts are intensifying as conflicts are expected to rise sharply in the coming decades, within and across national boundaries, due to growing competition over water, environmental degradation, climate change in critical regional hotspots.

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This sustainable finance brief offers banks, investors and other financial institutions a clear view of how to better consider the risk scenarios in their ESG investment policies, and the innovation opportunities to actively collaborate with development finance banks and governments to pilot a new generation of impact investment vehicles, from “Blue Peace Bonds” to blended finance and sustainable infrastructure insurance.