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Stock impact report

Greenland's freshwater reserves seen as ‘frozen capital' as water becomes a national security issue [CNBC]

Estee Lauder Companies, Inc. (The) (EL) 
Last estee lauder companies, inc. (the) earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: elcompanies.com/investors
Company Research Source: CNBC
As climate change bites, some areas are running dry — and some companies have looked to meltwater as a solution. “Water is increasingly treated like a strategic asset,” one analyst told CNBC. Water is a finite resource — and increasingly a national security issue, analysts told CNBC. Water demand is expected to outpace supply by as much as 40% in 2030, according to a 2023 landmark report on the economics of water. At the same time, climate change is affecting weather patterns and once water-abundant areas are running dry. As a result, more water needs to be moved around to ensure access. Freshwater is used in everything from manufacturing to agriculture, and demand is set to increase as the population grows and thirsty AI data centers are built As water is increasingly seen as a strategic asset, market watchers are looking to Greenland's freshwater reserves as a potential resource. The Danish territory has itself recognized the strategic potential and has long looked to cap Show less Read more
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