Optimizing Resources for a Growing Population: The Role of Energy and Water in Agriculture
SVG Ventures | THRIVE
A venture and innovation platform advancing a more sustainable future for the food and agriculture industries.
Dive into the THRIVE Global Impact Challenge focus areas with this article series from SVG Ventures | THRIVE. We will explore the five critical themes shaping a sustainable future. This second article in the series explores two crucial pillars of the agriculture industry–water and energy.?
Our global food system faces a daunting challenge: feeding a growing population with dwindling resources. Agriculture is a major energy consumer, with most operations currently reliant on fossil fuels. This dependence adds to climate change concerns, creating a vicious cycle. Meanwhile, water scarcity looms large, as agriculture accounts for the most freshwater use worldwide. With climate change further worsening water availability, innovative solutions are needed to ensure long-term food security.
Water Scarcity and its Effects on Food Production
Agriculture consumes over 70% of the world's freshwater in most regions. This dependence becomes even more critical as we face the challenge of feeding a projected 10 billion people by 2050. Estimates suggest we'll need a 50% increase in agricultural production, with water withdrawals rising by 15%.?
Irrigation acts as a lifeline, enabling crop growth in arid regions and supplementing rainfall during dry spells. It is therefore critical to maintain a constant water supply to nurture and grow healthy crops.?
However, this reliance on a dwindling resource presents a major challenge. Water scarcity is a growing threat worldwide, exacerbated by rising temperatures due to climate change. This translates to more frequent and intense floods and droughts. Alarmingly, 2 billion people already lack access to clean water. Rising sea levels further threaten freshwater supplies in coastal areas by increasing groundwater salinization. As global temperatures continue to climb, the pressure on this precious resource intensifies. With water as the lifeblood of agriculture, innovative solutions are needed to feed our growing population.?
The Rising Energy Demands in Agriculture
The agri-food sector consumes a hefty 30% of global energy demands, primarily from fossil fuels. This reliance on fossil fuels is particularly concerning as global energy use in agriculture has steadily risen over the past two decades. However, this trend hasn't held true for developing countries, where limited access to energy hinders advancements like irrigation and temperature-controlled storage, which could significantly reduce food loss.?
While expanding energy access in the agri-food chain is crucial, following the traditional fossil fuel route would only worsen climate change. Therefore, embracing renewable energy sources is key to achieving widespread energy access while minimizing greenhouse gas emissions.
Innovative Solutions and Technologies in Big Ag
Innovation is offering a glimmer of hope to battle against water scarcity. These are some of the solutions being implemented now:?
The energy sector is also witnessing a shift towards greener solutions:
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THRIVE’s corporate partners are leading the charge in water conservation and adopting greener energy alternatives:
Meet the Startups Innovating in CleanTech
The ongoing need for new, more sustainable energy sources, and the ever-increasing water scarcity issues have prompted hundreds of startups to find new solutions to these challenges.?
The below startups were finalists in the 2023 Global Impact Challenge for their innovative work in improving water management and quality.?
The challenge of optimizing resources for a growing population requires innovative solutions and collaborative efforts. The importance of sustainable practices and cutting-edge technology cannot be overstated as we face the twin crises of water scarcity and rising energy demands in agriculture. This year, for our 2024 THRIVE Global Impact Challenge, we are looking for the most groundbreaking startups working in Cleantech to improve water quality and create more sustainable energy sources. If you’re a startup working on water & energy or know someone who works in this sector, we invite you to apply here.
We can pave the way towards a more resilient and sustainable future by fostering innovation and supporting groundbreaking startups. Join the conversation with AgTech leaders at the 2024 THRIVE Global Impact Summit, with early-bird tickets still on sale here.?
Sources
Authors:
Victoria Curotto - Global Accelerator Manager, SVG Ventures | THRIVE
Sofia Aguilera - Program Associate, SVG Ventures | THRIVE