Sharing Water: Engaging Business

Water availability is not even across the planet, as water quantity and quality are dependent on a number of local factors that include natural ones (such as geography), and also human-related ones (such as land use and regulatory frameworks). As water scarcity increases is some parts of the world, competition between water users to access the resource is also set to increase. Water is therefore to be managed locally, and collaboration will be critical to deal with the issue. Some organizations are already acknowledging this, and are engaging at a watershed level with other water users to better manage the resource.

 

Interestingly, the approaches differ from one watershed to another: while some companies are working towards common metrics to assess and mitigate local risks and impacts, some use valuation as a tool to inform decision and engage locally. Governments are also increasingly looking into techniques and innovative governance models to better allocate the resource between different users of a same watershed.

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