Water Security for Better Lives
This publication examines the critical issues surrounding water security (water shortage, water excess, inadequate water quality, the resilience of freshwater systems), providing a rationale for a risk-based approach and the management of trade-offs between water and other (sectoral and environmental) policies.
The report sets out a three-step process to “know”, “target” and “manage” water risks: (1) appraising the risks, (2) judging the tolerability and acceptability of risks and weighing risk-risk trade-offs, and (3) calibrating appropriate responses.
The publication provides policy analysis and guidance on the use of market-based instruments and the complex links between water security and other policy objectives, such as food security, energy security, climate mitigation and biodiversity protection.
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Applying a risk-based approach to water security
This chapter provides guidance on how to apply a risk-based approach to water security through a three-step process: know the risks, target the risks and manage the risks. The chapter also provides insights on ways to adapt water risk management to the level of risk. By way of illustration, country cases of water risk management in selected OECD countries are included.
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