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2030 Water Resources Group LAC

Sector: Raw Materials • Location: Peru

Source: International Finance Corporation (IFC)

Project
Completed

Background: 2030 WRG is a public-private-civil society partnership, established in 2008. The 2030 WRG represents the coming together of a consortium of corporates, IFC, the World Economic Forum, the UN, individual governments, and international agencies, to elevate water up the global agenda. The objective of 2030 WRG is to accelerate water reforms and generate action to ensure water does not beco

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The project “2030 Water Resources Group LAC” is an infrastructure initiative in the Raw Materials sector, located in Peru. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Description

Description

Background: 2030 WRG is a public-private-civil society partnership, established in 2008. The 2030 WRG represents the coming together of a consortium of corporates, IFC, the World Economic Forum, the UN, individual governments, and international agencies, to elevate water up the global agenda. The objective of 2030 WRG is to accelerate water reforms and generate action to ensure water does not become a barrier to economic growth, while ensuring long-term environmental and social sustainability. In LAC, the current focus countries for 2030 WRG are Peru (since 2013) and Mexico (since late 2010). 2030 WRG is now scoping new countries in LAC; if a country with a suitable hydro-economic-political context is identified, a third country programme will be started. Possible countries include Brazil, or Colombia. Activities under the Project: PERU: (1) Economic Incentives for the Efficient Use of Water: This group will work with the National Water Authority, SUNASS and other government regulatory authorities to develop policies, regulations and economic incentive structures that make water users use water more efficiently; reducing their water footprint; polluting less; and recycling water more. The outputs for this work may be new regulations or best practices adopted by the government; voluntary codes of conduct by industry sectors; or the more effective and widespread communication, implementation and enforcement of current incentives, as appropriate. (2) Public Private Partnerships for Sustainable Catchment Management This group will work to streamline the processes by which public-private-civil society alliances can be developed in Peru. Its strategic outputs could be new regulations, processes or guidelines to facilitate the development of such alliances. (3) Innovative Financial Solutions for Water Resources Projects. 2030WRG is working in partnership with the Global Green Growth Institute (GGGI) and the members of Working Group 3 to develop new financial mechanisms to attract more financial resources into Perus water sector. This group will map and recommend innovative financial mechanism that could be adopted by Peru, leveraging government funds with private capital, to deliver much needed priority water resources projects. Specific outputs could be new regulations approved by the Government of Peru (eg the Ministry of Finance) to permit a new investment mechanism. MEXICO: Activities under the Project: 1. Carry out Analytical Work, developing of a tool to prioritise Conagua's investment portfolio, in a transparent and inclusive manner, and applying that tool to 3 hydrological regions of Mexico. 2. Commission a study to identify key opportunities for 2030WRGs private sector partners to invest in the Mexican Water Sector, and how the enabling environment for such investments can be optimized 3. Setting up of a Multistakeholder platform in Mexico with Working Groups to identify scope and implement projects that close the national water gap. One possibility is to collaborate with the existing Water Advisory Council (Consejo Consultiva del Agua, CCA), an influential body already convening certain groups of water users to tackle water scarcity challenges in the country. THIRD COUNTRY: Initial scoping activities started in July 2015, with a consultant familiar with the water sector in LAC and experienced in WBG water management initiatives reviewing the current landscape of these countries.

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