The year 2023 saw quite a few global science policy alerts. The first was the UN Water Conference in New York, held decades after the first one in 1977 in Argentina when, ironically, it was under a military dictatorship. At the conference, the Global Commission on the Economics of Water (GCEW) defined water as a global and local (“glocal”) common good and warned about impending, critical, multi-dimensional water crises such as the breaching of the planetary boundaries of the water cycle and water injustice to humans as well as ecosystems. GCEW asked for renewed governance and economic thinking on water management at all scales.