The Cape Water Performance-Based Bond: A New Alliance for Cape Town’s Water Future

The Cape Water Performance-Based Bond: A New Alliance for Cape Town’s Water Future

CAPE TOWN, South Africa, April 16 (IPS) - In 2018, Cape Town came perilously close to becoming the first major city in the world to run out of water. Known as “Day Zero”, it was more than just a crisis, it marked a pivotal moment. It made clear that water insecurity is not a distant threat, but an immediate reality.

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