I recently attended the World Water Congress in Cancun, Mexico where I was part of a special session titled: Charges vs. buyback: who pays for water ecosystems restoration?
Economic instruments cannot operate in isolation. We ask: what policy (mix) yields a (re)allocation of resources that maximizes welfare? This special session explores the characteristics of these instruments, their applicability in different contexts, and their transferability to the rest of the world. The speakers will debate: the necessary policy sequencing required when implementing instruments; provide real world contexts in their application; and highlight the potential pitfalls in their adoption. Expected outcomes from this session include: closer links to other researchers and policy‐makers interested in this topic for future collaboration and project work. We also anticipate gaining useful insights into specific issues or case studies that could be included in this work as we seek funding and other support around topics related to this discussion.
The special session included:
This session gave us a chance to promote the recent Water Economics and Policy paper (discussed here) and a chance to build on that publication. Overall the session was a lot of fun, at least for the presenters.
My slides are attached below and I plan on writing up the paper shortly.