Let water credits flow
02 Mar 2023
Dr Syamal Kumar Sarkar and Dr Snehlata Tigala
The Hindu Business Line
Water credits deal with the transaction between water deficit and water surplus entities within a basin. Industries can buy water credits from water-rich municipalities that are fund crunched to finance large-scale floodwater harvesting or wastewater treatment projects, which aid in conserving water. Thus, the multiplayer approach is essential for the water credit system. With the effective implementation and stringent regulatory standards, water trading also paves the way for water quality standards, says Dr Syamal Kumar Sarkar, Distinguished Fellow, Water Resources Division, TERI and Dr Snehlata Tigala, Former Associate Fellow, TERI.