The World Economic Forum recently named water crisis the world’s number one risk for the next 10 years for its potential impact on people and industry. Indeed, as the global community grapples with climate change – and environmental change of all kinds – understanding the fundamental nature if water to human society is crucial. The input report for this year’s World Water Week, released yesterday by the Stockholm International Water Institute, in fact argues that getting water management right is a prerequisite for sustainable development.

While it is intuitively clear that economic growth is related to water security – understood here as both water availability and also exposure to water-related risks such as drought and floods – there has been very little empirical evidence of this relationship to date.

President Obama’s recently announced Clean Power Plan – potentially a major turning point in the fight to contain greenhouse gas emissions and stop the slide toward an ever-warming Earth – is oddly both a courageous step in the right direction and codification of a process already underway.

REDD+, a global framework designed to reward governments for preserving forests, has pledged nearly $10 billion to developing countries. But minorities, indigenous people, the poor, and other marginalized groups that live in forest areas often end up paying more than their fair share of the costs of environmental cleanup and conservation while getting less in return. What can be done to change this?

If you’re a government pondering the development of newly discovered natural resources, how do you avoid the so-called “resource curse” – the tendency of high value extractive resources, like oil, gas, or minerals, to, instead of prosperity, bring corruption, entrenched poverty, and even violence?

Food and water are tied to one another fundamentally. But in addition to their biophysical relationship, human systems intervene, whether through pricing schemes and trade agreements or shifting patterns in consumption and taste.

Start with the good news from this week’s finance for development conference in Addis Ababa: at least it got the narrative right.