Russia: water may replace oil as main source of revenue, says expert
Updated - Thursday 07 December 2006
In the wake of a global water crisis, water may replace oil as Russia’s main source of revenue in 30 to 40 years time, says Viktor Danilov-Danilyan, director of the Institute of Water Problems. He does not mean that Russia will export water, but rather water-intensive products. Having the world's second largest fresh water reserves after Brazil, Russia only needs 2 per cent of this to meet its domestic demand. Russia can utilise the remaining capacity for water-intensive industries such as power generation, metal production, the paper and pulp sector, polymer chemistry and agriculture, argues Danilov-Danilyan. Countries rich in water like Russia, could benefit from the restructuring of the global economy in response to the threat of a global water crisis.
Related news: Russia: Putin signs Water Code into law, Source Weekly, 27 Jun 2006
Related websites: World Water Council – Virtual Water ; UNESCO-IHE and University of Twente - Water footprint and virtual water ; WaterWiki - Russia
Contact: Victor I. Danilov-Danilyan, Institute of Water Problems, Russian Academy of Sciences, Gubkin str., Moscow 117971, tel.: +7-495- 135 5456, fax: +7-495-1355415
Source: RIA Novosti, 24 Nov 2006
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