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| http://dbpedia.org/ontology/abstract | Economic Instruments for water policies ar … Economic Instruments for water policies are tools based on incentives ad disincentives; they change conditions to enable economic transactions or reduce risk, aiming at increasing environmental quality. In a world of ever increasing and decline in water availability and/or reliability, where water-related hazards are on rise, where climate change threatens to undo decades of development efforts, the only way to sustainability is a right mix of mutually strengthening policy instruments. In this policy mix, Economic Policy Instruments (EPIs) are best suited to foster an efficient allocation and use of water, reduce harmful exposure and impacts on the communities and environment, and protect natural capital.EPIs are regulations that encourage behaviour through market signals rather than through explicit directives”. They are a means of correcting market signals in order to convey the costs of externalities to economic actors (individuals as well as firms) which have generated them. Regarding water policies, economic instruments comprise regulations like those creating virtual market conditions (tradable permits), charges for public services, payments for ecosystem services, and transfer payments such as incentives based on taxation, levies, fees and royalties and subsidies. They represent an alternative to more traditional command and control instruments. Whereas already introduced into climate policies, air quality and energy policies, their application to water policies represents some specific challenges. In Environmental Policy, economic instruments have received increasing attention over the last decades, and have been implemented to achieve environmental policy objectives such as climate policy under the form of . However, although EPIs have been proved to perform better than alternative instruments (command and control instruments or voluntary agreements) in other domains of environmental policies, their application to tackle water management issues (drought/water scarcity, floods, and water quality) are beset by many difficulties both of practical and ethical character: Despite the Dublin statement on sustainable water management adopted by the UN in 1992 which stating, in its fourth principle, that "Water has an economic value in all its competing uses and should be recognized as an economic good" the conception of water as an economic (and tradable) good is not accepted unanimously; especially Human rights groups see this principle in contradiction to the Right to water.le in contradiction to the Right to water. |
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| http://dbpedia.org/ontology/wikiPageRevisionID | 960605645 |
| http://dbpedia.org/ontology/wikiPageWikiLink | http://dbpedia.org/resource/Flood + , http://dbpedia.org/resource/Flood_protection + , http://dbpedia.org/resource/Water_policies + , http://dbpedia.org/resource/Biodiversity + , http://dbpedia.org/resource/Drought + , http://dbpedia.org/resource/Environmental_quality + , http://dbpedia.org/resource/Environmental_Policy + , http://dbpedia.org/resource/Emission_Trading + , http://dbpedia.org/resource/Payment_for_ecosystem_services + , http://dbpedia.org/resource/Framework_Programme + , http://dbpedia.org/resource/Water_resources + , http://dbpedia.org/resource/Natural_capital + , http://dbpedia.org/resource/Right_to_water + , http://dbpedia.org/resource/Ecosystem_services + , http://dbpedia.org/resource/Water_scarcity + , http://dbpedia.org/resource/Water_quality + , http://dbpedia.org/resource/Category:Water_supply + , http://dbpedia.org/resource/Climate_change + , http://dbpedia.org/resource/European_Commission + , http://dbpedia.org/resource/Water_demand + |
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| rdfs:comment | Economic Instruments for water policies are tools based on incentives ad disincentives; they change conditions to enable economic transactions or reduce risk, aiming at increasing environmental quality. |
| rdfs:label | Economic Instruments for Water Policies |
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