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Bisleri has partnered with TERI School of Advanced Studies to conduct a study and will share its findings with central government to develop a framework for water credits for beverages industry.
Water Credit
- A market-based mechanism similar to carbon credits, which incentivises water conservation and quality improvement.
- Carbon credits are generated by projects that have reduced or avoided or removed carbon emissions.
- Each credit represents one less tonne of carbon dioxide, or another greenhouse gas equivalent, (CO2e) in atmosphere.
- Individuals and entities can earn tradable credits by adopting water-saving measures.
- These credits can then be sold to others needing to offset their water usage or improve their water management practices.
Significance of Water Credits
- Addressing water stress and help in achieving SDG6 (Clean Water and Sanitation).
- In India, 11 out 15 major river basins will be water-stressed by 2025.
- Enhance water use efficiency in agriculture, which is the largest extractor of groundwater.
- Promote and foster investment in sustainable water management practices.
Challenges in implementing water credit system
- Unlike carbon emissions, water savings require localized approach, factoring in rainfall and consumption at a watershed level.
- Spatial limitation for transactions as they are confined to hydrological boundaries.
- Preventing wealthier entities from dominating the market.
Potential approach towards water credit system
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