Climate change is producing a warmer world, leading to an increase in sea level and a decrease in snow cover. It is likely that the temperature increase due to climate change will interact with the hydrological cycle, resulting in changes in precipitation, evapotranspiration, and soil moisture; melting glacier ice and ice caps; and river flow variability. These changes will have impacts on water resources and water supply, floods and droughts, and hydropower generation. The projected changes described in the Fifth Assessment Report (AR5) of IPCC include an increase in water resources at high latitudes, in tropical East Africa, and in Southeast Asia, and a decrease of water resources in many semi-arid and arid areas (e.g., the Mediterranean Basin, Western US, Southern Africa, and Northeastern Brazil). Runoff will be notably reduced in Southern Europe [
15]. In the future, these projected impacts of climate change on water resources could suppose a major time irregularity, an uneven geographical distribution of water resources, and a seasonal shift in streamflow in glaciers and snow-fed rivers. Accessibility to water resources could then decrease, causing major water scarcity in the more water-stressed countries of the world. In this context, it is necessary to remark that in relation to the storage (i.e., dams and reservoirs) and availability of water resources, sensitivity analyses to climate change in regulated basins show that regulated basins with a large reservoir capacity are more resilient to water resource changes than unregulated basins and less vulnerable to climate change, and that the water storage acts as a buffer against climate change [
3]. Therefore, given the current circumstances and the need for responsible development in the contexts of a changing world and climate change, increasing water storage capacities is a major imperative. Investments in climate change adaptation should incorporate water storage [
4]. One of the challenges is to promote multipurpose dams and better planning tools for multipurpose water projects. Hydropower storage capacity can provide security for irrigation, drinking water supply, flood control, and navigation services, in the framework of Integrated Water Resources Management (IWRM). Hydropower storage in multipurpose dams will contribute to climate change adaptation by maintaining the availability of water resources. Multipurpose hydropower projects may have an enabling role beyond the electricity sector, as a financing instrument for multipurpose reservoirs [
11,
16].