In October, the administration of President Joe Biden issued a rule requiring drinking water systems across the U.S. to identify and replace lead pipes within 10 years. To go with that rule, the Environmental Protection Agency announced $2.6 billion in newly available drinking water infrastructure funding through the Bipartisan Infrastructure Law.
But that’s just a drop in the bucket when it comes to investment for water infrastructure in the U.S. and abroad. In a report to Congress last year, the Environmental Protection Agency estimated that the U.S. will need to invest $625 billion over two decades in drinking water infrastructure, based on data collected in 2021.
Globally, the world will need to invest up to $7 trillion for global water infrastructure by 2030 if it is to meet sustainable development goals after decades of underinvestment.
This post originally appeared at U.S. News & World Report.