NEW YORK — Analysts with Bank of America Merrill Lynch Global Research have released a report that predicts global demand for fresh water will soon outstrip supply, according to an article on CBS MoneyWatch.

"Water scarcity is a pressing people and planet issue," the report stated.

According to the article, 768 million people around the world have no access to clean drinking water and 2.5 billion are without proper sanitation, noted the article, while about 2.5 percent of all water on earth is fresh water.

The report states that humans have already reached "peak water," at or approaching the limit of renewable fresh water supply, the article reported; and half of the world's population will face "water stress" conditions by 2030.

According to the article, as many as 50 nations can be expected to be involved in conflicts over water by 2050.

Read the full article here.