Finance Discussions

Finance at the 8th World Water Forum

All functions of water resources management and water security require specific funds that go beyond the resources invested by sectors in their own activities. Proper financing for integrated water resources management policy is essential to effectively achieve its main social and economic objectives. New challenges related to climate change and the SDGs add to those objectives, and are unlikely to be achieved without sufficient funding. In such context, not only challenges tend to increase, but also the financial and social costs related to integrated water management. Ensuring access to proper funding is key to face current problems, as is proposing innovative ways and new sources of funds that can meet the new agendas.

Finance - 1st Discussion Feb - Apr 2017

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The 8th World Water Forum will have financing one of its central themes, focusing on innovative solutions and facing emerging problems towards water security. In order to comprise the debate sections, the following three topics have been set, which should split into Thematic Sessions and other debate stages during the event in 2018:

  1. Economics and financing for innovative investments
  2. Financing implementation of water SDGs and adaptation to climate change
  3. Finance for sustainable development – supporting water-friendly business

Considering the above topics about Finance:      

  1. What are the major challenges under each topic that concern civil society and communities and need to be raised for debate during the 8th World Water Forum?
  2. How those challenges apply to problems in your city, community or neighbouring surroundings?

Your feedback will support the organization instances of the Forum in the definition of Thematic Sessions and other opportunities for debate during the event.

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Cristian Suau's picture

Cristian Suau said:

Textile and Water: The Organisation for Economic Cooperation and Development has estimated that by 2030, 47% of the world’s population will live in water-stressed regions (OECD, 2008). The Mediterranean Region is experiencing significantly lower than average rainfall, with severe impacts on rainfall-dependent settlements, industries and the environment. Regarding drinking water, about 14 million people in Europe do not enjoy access a basic drinking-water source, and 62 million people do not have access to piped water on premises. Seven out of ten people without access to a basic drinking-water source live in rural areas. Inequalities exist in access to drinking-water and sanitation services, where rural dwellers and the poor are the most disadvantaged (WHO European Region, 2015). For instance, he Catalan government's plan envisages that water needs will double by 2021 (Agència Catalana de l’Aigua, 2015). One solution is to invest in innovative fog collectors. However there is not significant design progress among planar/conventional fog collector, so 3D fog collectors are the alternative water technology that can increase yield, offer autonomous water harvesting and management in waterless habitats. We have to put special attention to the development of advanced textiles and building materials.
Apart from tents, textiles have not been a dominating material used in the building and civil engineering sectors. Important sectors that provide vital resources such as energy and water to the globally growing population discover smart textile-based solutions. These include growth support and protection of plants, crops and animals in agriculture, meshes for fishing and fog collection, nets and filters for water and food packaging production. Textile solutions applied in fog collection have the great benefit of being lightweight, flexible, foldable, inflatable and generally quick to deploy. 3D fog collector technology offers potential to improve currently declining yields of surface water, dams and replenishment of aquifers. In the process, it reverses some of the economic losses associated with reduced rainfall in agriculture and forestry to prevent drought and wildfire hazards. My technology could be applied for irrigation in agriculture (landscape and greenhouses); drinking in rural settlement; and the recovery of endangered ecosystem (native flora) in arid and dry regions by combining traditional methods of water management (terrace-based farming) and treatment (sand filtering) in arid environments (Laureano, 2001). It can also be employed in critical situations after natural or man-made disasters such as drought, earthquakes, wildfire disasters or humanitarian aids endanger lives, valuable goods and infrastructures.

Franz Rojas's picture

Franz Rojas said:

First Week Round Up:

The first week of the Online Consultation hosted by the WWF8 has come up with some interesting issues regarding the financing theme. As expected for the introductory week some general topics were brought by Leonardo Armijos-Leray and José María Varela, to whom we are thankful.

Especial emphasis has been made on the roles played by the public and the private sector for achieving a “water secure world”. However, while Leonardo focused on the relevance of giving the right importance to each sector in the discussion and opened the door for finance innovation to foster the private sector involvement, José María stressed the role of public sector as the cornerstone for improving the management and attracting further funding for the water sector in development countries.

In addition, two very important papers in the literature for water financing have been uploaded: Camdessus Report (2003) and “Water: Fit to finance?” (2015).

Finally, as a moderator, I would like to encourage all the people following this discussion to participate and stimulate it, particularly regarding financial innovation solutions for investments that will be the main topic next week.

Franz Rojas's picture

Franz Rojas said:

Welcome to the another participant to the discussion and thanks for your comment. It is interesting to set a role of the public sector not only as a source of financing but also as a major player for developing an enabling environment and also to leverage further funding from other sectors.

Following your comment, let me pose the next question: Regarding broader roles of the public sector, What are the main points that central and local governments should address to foster innovative ways of investment in the water sector?

José María Varela García's picture

José María Vare... said:

Hello everyone!

Quite interesting issues opened in this debate. Without forgetting either the private sector or the civil society, I agree with Leonardo, and I think we should put especial emphasis on the public sector of developing countries. Promoting the water sector in the national agendas of their governments and stressing the importance of their budgets (usually underspend) is key. Furthermore, to attract further funding from the private sector it is critical to improve the sustainability of water projects. To do so, these governments should develop a proper legal framework and increase the managerial capacity of sub-sovereign entities and municipalities (the ultimate water services providers) as well as involving all stakeholders like Water User Associations.

Although it can be considered an old paper, I would like to attach the Camdessus Report (2003), a cornerstone for the financial needs of the water sector.

Franz Rojas's picture

Franz Rojas said:

Thank you very much for your comments Leonardo. Indeed, finance is a cornerstone to comply with the SDGs. In order to promote the discussion I suggest a document prepared for the last WWF:

Based on the previous comments, let me put into consideration some additional questions:

Regarding finance, What should be the role of governments? and complementarily, What should be the role of private sector and civil society?

Leonardo Armijos-Leray's picture

Leonardo Armijo... said:

To reach a water secure world, investment and financing are cornerstones for building and operating the necessary infrastructure. Filling the gap between existing funds and that target is a great challenge, and to address it, we should foster the development of innovative finance taking into account the private sector. However, not all projects are “fit to finance” and the public sector plays -and looks like it will continue to play- the main role. I think that first, given our limited resources, it is critical to choose correctly the weights of the sectors where our efforts will be put to develop the instruments that could help to reach the target.

Franz Rojas's picture

Franz Rojas said:

Welcome to the 8th WWF on line consultation with the theme on Finance.

We are excited to start the discussions, collect different points of view, and improve the process towards a more participatory forum!

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