1st EIP Water Conference: Smart Prices + Drought Insurance Schemes 21 Nov 2013

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The Action Group Smart Prices and Drought Insurance Schemes in Mediterranean Countries - SPADIS in brief - aims at establishing and implementing a methodology on "Smart Pricing and Drought Insurance Schemes in Mediterranean Countries". The methodology will be based on improved analysis (DPSIR), data and (water management and risk assessment) models to reduce and mitigate drought impacts, by managerial and behavioral change and appropriate economic instruments for increased water security. The Action Group involves different perspectives, such as insurance, water pricing for re-used wastewater, and water trading. The implementation phase will test the data sources and possible ways of improving and sharing them (e.g. via a common system under SEEA-W), and the analytical models and to validate the application.

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1st EIP Water Conference: Smart Prices + Drought Insurance Schemes 21 Nov 2013

  1. 1. EIP Water Action Group Smart Prices and Drought Insurance Schemes in Mediterranean Countries (SPADIS) 21 November 2013 EU Parliament, Brussels
  2. 2. What Design of 2 innovative instruments: › Pricing water security (smart pricing system for urban water consumption) and › Drought insurance (for irrigated agriculture) to reduce vulnerability to scarcity and increase resilience to drought events Why To induce individual decisions regarding water use in order to contribute to the collective goals of reducing vulnerability to scarcity and increasing resilience to droughts Priority areas > flood and drought risk management (priority 4) > water governance (cross cutting priority 6) Specific actions > Integrated risk assessment and management approaches (i.e. implementation of new insurance policies) (4.3) > Water pricing policies based on innovative approach (6.3)
  3. 3. Activities EPI Water – Risk Assessment Model AQUATOOL – Decision Support Tools WATERSENSE – Groundwater management WEAM4i June 20th, 2013 SPADIS Kick-off meeting June 20th-21st, 2013 Workshop on Economic Policy Instruments for Water Management July 8th, 2013 Kick-off teleconference between the EIP Water Secretariat and the AG Leaders September 1st-7th, 2013 Belpasso International Summer School in Environmental and Resource Economics September, 2013 SPADIS on the EIP Water Online Marketplace October 21st, 2013 Second SPADIS Action Group Meeting October 23rd, 2013 First Progress Report November 21st, 2013 First EIP Water Conference [Brussels] Ongoing research Initiatives Future activities Past activities
  4. 4. Increase the supply of available nonconventional water resources; avoided due to its high relative cost. Know-how in insuring natural disasters: new insurance schemes to mitigate drought damages. To share information among water stakeholders, to develop a common information source for a common understanding of water management problems and opportunities (innovating in governance) SPADIS should be able to contribute to analyse in Innovation potential & market opportunities Outcomes of improving water pricing and use water insurance systems to mitigate the impact of droughts over water dependent economic activities and increase water resilience advance the expected impact of a certain incentive mechanism for water saving. Recommendations and methods to build a System for Environmental-Economic Accounting for Water (SEEA-W)
  5. 5. Milestones Deliverables February 2014 March 2014 Information sources and data gaps Information sources for DPSR for drought and scarcity March 2014 April 2014 (1) Third AG meeting (2) Selection of case studies Second progress report May 2014 April 2014 Inventory, comparative analysis and best practice recommendations of water demand models in water-stressed regions Integration of the information sources into a database July 2014 June 2014 (1) Presentation of the information system platform (2) Draft design of the hydro-economic model July 2014 (1) Applied information system in the CS areas (2) Draft design of the drought risk assessment model (1) Recommendations to build a SEEA-W & (2) Hydro-economic modelling in Mediterranean countries September 2014 (1) The drought risk assessment model (CS area) (2) Economic valuation of drought risk in CS area (3) Water prices and demand simulation model Economic valuation of drought risk in CS area October 2014 (1) Third progress report (2) Report on alternatives to increase water security December 2014 September 2014 Fourth AG meeting January 2015 (1) Fifth AG meeting (2) Applied drought risk assessment in CS areas (3) Price schemes designed (1) Practical recommendations on the instruments for water security (2) A Smart Pricing Scheme February 2015 (1) Recommendations on the use of insurance systems to cope with drought risk in CS areas (2) Water irrigation insurance scheme to stabilize farmers’ income to reduce drought risk
  6. 6. Authors · Estefanía Ibáñez & Gonzalo Delacámara (IMDEA)
  7. 7. THANK YOU ! Smart Prices and Drought Insurance Schemes in Mediterranean Countries (SPADIS) Find out more on http://www.eip-water.eu/working-groups/smart-prices-and-drought-insuranceschemes-mediterranean-countries-spadis

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