Short Description
This policy brief aims to disseminate relevant findings from the InnWater project in its third and final year of implementation. It also takes stock of relevant findings from the two other sister projects under the Water Governance Synergy Group 2027, GOVAQUA and RETOUCH NEXUS. It targets policymakers at local, national, and EU levels, with specific messages related to innovative governance and economic tools to achieve water resilience. Recommendations and messages, stemming from the three projects, are presented with a clear link to the objectives of the EU Water Resilience Strategy (EWRS).
The policy brief builds on earlier InnWater deliverables, specifically leveraging D4.2: Modelling cross-sectoral interactions with water at river basin level and D4.3: Methodology for analysing the socio-economic performance of Household Water Demand Management Policies. Additionally, insights from D2.2: Advancing Water Governance: Reference Guide for Programming, informed the content of this policy brief. Furthermore, the policy brief is informed by GOVAQUA deliverable D4.1 Review and identification of innovative economic and financial instruments, and RETOUCH NEXUS factsheets in D1.1 Factsheet on economic instrument development across Europe. A survey among experts from all three projects further helped in identifying the most relevant findings, and a dissemination event provided validation of the key findings.
This policy brief focuses on the economic tools as a prerequisite of innovative governance for water resilience, presenting economic instruments for policy makers as well as economic modelling to support policy makers and managers in practice. It establishes that policy decisions related to water should be supported by economic assessments that consider the nexus aspects, including intersectoral linkages and environment-society-economy linkages, since water is central for sustainable economy. This is also underpinned within EWRS, which highlights three main goals, all with key aspects related to efficiency. Achieving these goals requires governance innovation and economic tools, within and beyond the water sector, that incentivize efficient, equitable, and climate-resilient water use.
The policy brief builds on earlier InnWater deliverables, specifically leveraging D4.2: Modelling cross-sectoral interactions with water at river basin level and D4.3: Methodology for analysing the socio-economic performance of Household Water Demand Management Policies. Additionally, insights from D2.2: Advancing Water Governance: Reference Guide for Programming, informed the content of this policy brief. Furthermore, the policy brief is informed by GOVAQUA deliverable D4.1 Review and identification of innovative economic and financial instruments, and RETOUCH NEXUS factsheets in D1.1 Factsheet on economic instrument development across Europe. A survey among experts from all three projects further helped in identifying the most relevant findings, and a dissemination event provided validation of the key findings.
This policy brief focuses on the economic tools as a prerequisite of innovative governance for water resilience, presenting economic instruments for policy makers as well as economic modelling to support policy makers and managers in practice. It establishes that policy decisions related to water should be supported by economic assessments that consider the nexus aspects, including intersectoral linkages and environment-society-economy linkages, since water is central for sustainable economy. This is also underpinned within EWRS, which highlights three main goals, all with key aspects related to efficiency. Achieving these goals requires governance innovation and economic tools, within and beyond the water sector, that incentivize efficient, equitable, and climate-resilient water use.
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