Water availability is a major factor constraining humanity's ability to meet the future food and energy needs of a growing and increasingly affluent human population. Water plays an important role in the production of energy, including renewable energy sources and the extraction of unconventional fossil fuels that are expected to become important players in future energy security. The emergent competition for water between the food and energy systems is increasingly recognized in the concept of the “food‐energy‐water nexus.” The nexus between food and water is made even more complex by the globalization of agriculture and rapid growth in food trade, which results in a massive virtual transfer of water among regions and plays an important role in the food and water security of some regions. This review explores multiple components of the food‐energy‐water nexus and highlights possible approaches that could be used to meet food and energy security with the limited renewable water resources of the planet. Despite clear tensions inherent in meeting the growing and changing demand for food and energy in the 21st century, the inherent linkages among food, water, and energy systems can offer an opportunity for synergistic strategies aimed at resilient food, water, and energy security, such as the circular economy.

Extreme heat, drought and moisture excess are increasingly co-occurring within a single growing season, impacting crop yields in global breadbasket regions. In this Review, we synthesize understanding of compound heat and moisture extremes, their impacts on global crop yields and implications for adaptation. Heat and moisture extremes and their impacts become compounded through crop-physiological interactions, heat–moisture couplings in the climate system and crop–atmosphere interactions. Since around 2000, these compound extremes, and hot droughts in particular, have been linked to especially poor harvests (up to 30% yield losses) in regions such as India, Ethiopia, the USA, Europe and Russia. However, in some cases, combinations of crop stresses might generate compensating effects. Compound extremes are projected to increase in frequency and amplitude in the future, but, owing to the biophysical interdependence among temperature, water and crop physiology, the net yield effects of such future compound extremes remain uncertain. Accordingly, compound extremes will necessitate comprehensive agricultural adaptation strategies geared towards multi-stress resilience, as adaptations that work for single climate stresses could be maladaptive under combined stresses. An integrated understanding of heat and water in soil–plant–atmosphere dynamics is urgently needed to understand risks and suitably adapt cropping systems to compounding climate impacts.