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Water Security for Better Lives

image of Water Security for Better Lives

This publication examines the critical issues surrounding water security (water shortage, water excess, inadequate water quality, the resilience of freshwater systems), providing a rationale for a risk-based approach and the management of trade-offs between water and other (sectoral and environmental) policies.

 

The report sets out a three-step process to “know”, “target” and “manage” water risks: (1) appraising the risks, (2) judging the tolerability and acceptability of risks and weighing risk-risk trade-offs, and (3) calibrating appropriate responses.

 

The publication provides policy analysis and guidance on the use of market-based instruments and the complex links between water security and other policy objectives, such as food security, energy security, climate mitigation and biodiversity protection.

English

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Achieving water security targets through market-based instruments

Once set, water security targets should be achieved at least possible economic cost (i.e. cost-effectiveness should be pursued). This chapter suggests how market-based instruments can be used to promote more effective water management. Using theory, examples and case studies, a description is given as to how economic approaches may be used, particularly in OECD countries, to manage water risks.

English

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