Climate change and over-use of water will mean that nearly on in every two people will live in water-stressed areas by 2030. Households, industry and agriculture will increasingly compete for water (see figure 1), leaving little to sustain ecosystems.
Three new OECD studies say that putting the right price on water will encourage people to waste less, pollute less, and invest more in water infrastructure.
Households and industry in many OECD countries increasingly pay the true cost of the water they consume. Pricing Water Resources and Water and Sanitation Services shows this is done through tariffs – user prices – which better reflect the actual consumption and treatment costs, including water abstraction and supply as well as treatment of wastewater to avoid pollution.
See full Press Release.
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