Business Case for Green Water Credits
There is much wringing of hands about land degradation, water scarcity and climate change but not much effective action. One reason is a lack of acceptable mechanisms for translating the science into action. In the case of water scarcity, there is a missing level (at least one) between the top level (“Fix the water problem”) and the information-gathering level (“What is the mechanism of water delivery and water scarcity?”). Typically, there is no one and no effective institution translating the scientific information into action.
Green Water Credits creates a market for farmers’ water management activities that are at present unrecognized and unrewarded. Implementation of these payments for a specified environmental service can safeguard soil and water resources, secure rural livelihoods and combat poverty.
KeywordsWater Scarcity Land Degradation Green Water Blue Water Water Management Activity
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