Open Access Journal

ISSN : 2394-6849 (Online)

International Journal of Engineering Research in Electronics and Communication Engineering(IJERECE)

Monthly Journal for Electronics and Communication Engineering

Open Access Journal

International Journal of Science Engineering and Management (IJSEM)

Monthly Journal for Science Engineering and Management
Call For Paper : Vol. 9, Issue 7 2022

ISSN : 2456-1304 (Online)

Assessment of the Applications of Economic Instruments for Improving Water Use Efficiency in Domestic Sector

Author : S. Ashwin Ram 1 Zareena Begum Irfan 2

Date of Publication :30th December 2021

Abstract: Water is an essential and exhaustible natural resource that is fast depleting due rapid population growth and climate change. There is a growing consensus among global development community that water security is increasingly becoming one of the biggest development and environmental challenge of the century next to climate change. Predominant effort towards the supply and allocation of water resource resulted in inefficient water usage across different sectors leading to water scarcity. The Dublin statement in 1992 recognized water should be treated as an economic good among its competing uses. Since then several countries across the globe started to experiment with the applications of economic instruments to address water security. This paper provides an exhaustive review of literature highlighting some critical research gap on the applications of economic instruments in water sector aimed at improving water use efficiency in domestic sector.

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