Water Trading : NITI Aayog Report
As urbanization gathers pace, more and more wastewater is generated. But only about 40% of this is treated, and even that is not being reused.
- The NITI Aayog, said in a report titled ‘water trading mechanism to promote reuse of treated water’ that in many countries water trading has helped achieve water-use efficiency and productivity.
- Water Trading is a water market mechanism that considers water as a commodity rather than a public good.
- It can be traded amongst users according to their needs.
- A water company, rather than creating its own water source, can buy the water from a third party and sell it to the users.
- Enabling elements for Water Trading:
- Ownership of water – should be indisputable.
- Water entitlements- could be transferred.
- Water Reuse Certificates (WRCs) – as tradable permits.
