Welcome to an enlightening installment of the Water Foresight Podcast, where we venture into the complex world of non-revenue water, carbon emissions and carbon leakage credits. We're honored to have water industry veteran, Steve Cavanaugh, join us as we decode this labyrinth of issues. As the CEO of Cavanaugh & Associates and the chair of the International Water Association's (IWA) Leakage Emissions Initiative (LEI), Steve offers an invaluable depth of understanding on the subjects at hand. 

We kick off our conversation unwrapping the concept of non-revenue water - a pivotal issue for utilities. The financial implications of unbilled water set the backdrop for our discussion on the water energy nexus and the novel domain of carbon emissions and carbon leakage credits. With Steve's expert insights, we delve into the compelling topic of carbon credits and their potential monetization, a burgeoning interest area for investors and companies alike. The ripple effects of this monetization could trigger a funding wave for leakage reduction projects and nudge major water utilities towards a carbon-neutral future. 

Our dialogue takes us further into the roles of various sectors in mitigating greenhouse emissions. We examine the influence of the government, financial institutions, and rating agencies in steering this change. We conclude by shedding light on the LEI and the range of resources it offers, including how to become part of this significant initiative. As we navigate these waters together, we hope you find this conversation as thought-provoking and enlightening as we do.

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