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Economic Instruments for Sustainable Water Management in Water Scarce and Drought Prone Irrigated Areas

Objective

More than 50% of total water abstractions in Southern Europe come from the agricultural sector, rising to more than 80% in some regions. Water abstractions are particularly high and fast growing in profitable irrigated areas in the Mediterranean Basin, where agricultural demand enters in direct competition with basic environmental services increasingly often. Urgent action is needed to address this unsustainable trade-off. Economic instruments represent a means of adapting demand to collectively agreed goals and thus relief pressure over stressed EU water bodies. In particular, recent water resources research has put forward the role that can be played by agricultural water markets and drought insurance for irrigated agriculture. These two instruments have been already tested (markets) or at least explored (insurance) in a EU context, but it is still unclear what can be expected from them. The objective of my research is advancing in the design and development of agricultural water markets and insurance systems that contribute to the implementation of an effective and efficient water policy mix in the EU. In a first stage I will develop quantitative methods using Revealed Preferences Models and Agent Based Models to estimate the economic and environmental outcomes of the proposed instruments under different scenarios. In the second stage I will use an analytical framework to critically assess the efficiency and effectiveness of drought insurance and water markets in a wider policy context. Theoretical constructions will be illustrated with empirical applications in the Po River Basin District (RBD) in Italy and the Segura RBD in Spain.

Fields of science (EuroSciVoc)

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Keywords

Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)

Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

MSCA-IF - Marie Skłodowska-Curie Individual Fellowships (IF)

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-MSCA-IF-2014

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Coordinator

FONDAZIONE ENI ENRICO MATTEI
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 168 277,20
Address
CORSO MAGENTA 63 COMPLESSO IMMOBILIARE LE STELLINE
20123 Milano
Italy

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Region
Nord-Ovest Lombardia Milano
Activity type
Research Organisations
Links
Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 168 277,20
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