Stranded Assets as a Key Concept to Guide Investment Strategies for Sustainable Development Goal 6
Robert M. Kalin 1,*, Joseph Mwanamveka 2, Andrea B. Coulson 3
, Donald J. C. Robertson 1, Holly Clark 1, Jon Rathjen 4 and Michael O. Rivett 1
, Donald J. C. Robertson 1, Holly Clark 1, Jon Rathjen 4 and Michael O. Rivett 1
1
Climate Justice Fund Water Futures Programme, Department of Civil and Environmental Engineering, University of Strathclyde, Glasgow G1 1XN, UK
2
Minister for Agriculture, Irrigation and Water Development, Government of Malawi, Lilongwe, Malawi
3
Department of Accounting and Finance, University of Strathclyde, Glasgow G1 1XN, UK
4
Water Industry Team, Scottish Government, Victoria Quay, Edinburgh EH6 6QQ, UK
*
Author to whom correspondence should be addressed.
Water 2019, 11(4), 702; https://doi.org/10.3390/w11040702
Received: 6 March 2019 / Revised: 1 April 2019 / Accepted: 1 April 2019 / Published: 5 April 2019
(This article belongs to the Special Issue Present and Future of Drinking Water Supplies in Low-Income Regions)
Abstract
The concept of Stranded Assets has been used for nearly 50 years across many sectors, most recently it has been a focus of investment portfolios in light of the possible impacts of climate change. However, to date there has been no in-depth determination of the impact of Stranded Assets for rural water supply, despite international development targets from Rio, through Millennium Development Goals (MDGs), and now the Sustainable Development Goals (SDGs). The limiting factor for carrying out such an assessment is the requirement of a full and detailed asset register recording all rural water supplies in a country. The Scottish Government Climate Justice Fund Water Futures Programme, in collaboration with the Government of Malawi, is undertaking a comprehensive asset audit across Malawi, and this paper introduces the concept of Stranded Assets for the rural water supply sector using Malawi as an exemplar. Here, we demonstrate how significant change in the implementation strategy for SDGs compared to the MDGs is needed to reduce the potential for Stranded Assets and meet its ultimate aim. View Full-TextKeywords:
Stranded Assets; rural water supply; Sustainable Development Goals; WASH; Malawi
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Kalin, R.M.; Mwanamveka, J.; Coulson, A.B.; Robertson, D.J.C.; Clark, H.; Rathjen, J.; Rivett, M.O. Stranded Assets as a Key Concept to Guide Investment Strategies for Sustainable Development Goal 6. Water 2019, 11, 702.
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