Periodic Reporting for period 1 - RETOUCH Nexus (REsilienT water gOvernance Under climate CHange within the WEFE NEXUS)
Reporting period: 2023-01-01 to 2024-06-30
The project also emphasizes the need for integrated and climate-resilient water governance. By examining EU water legislation implementation, it highlights the importance of policy coordination beyond water-centric approaches, advocating for the Water-Energy-Food-Ecosystems (WEFE) Nexus approach. Despite progress, translating these Nexus approaches into effective governance remains a challenge, indicating a need for further research.
Regarding economic instruments, the project addresses limitations in current models and practices. It seeks to improve water valuation and economic instrument design through more reliable models and transparent monitoring frameworks, crucial for overcoming resistance to treating water as a commodity and ensuring equitable, sustainable pricing.
Additionally, the project promotes transparent and inclusive governance through innovative engagement mechanisms. It explores successful stakeholder practices from case studies to tackle public awareness and participation challenges.
To ensure these advancements' uptake and success, the project must focus on refining Nexus-based governance schemes, validating economic instruments through demonstration projects, and developing policy recommendations. Support for collaboration and a strong regulatory framework will be vital for scaling these innovations and achieving lasting impact.