The Organization for Economic Co-operation and Development (OECD) is supporting Azerbaijan with the economic and financial dimensions of water management, OECD told Trend.
A source at the OECD said that the following key outcomes were discussed at the latest meeting towards water’s role as an instrument of green growth:
– The Ministry of Ecology and Natural Resources committed to revise and finalize the country’s water strategy, promoting alignment with the EU
– Water Framework Directive and the guiding principles of Integrated Water Resources Management.
– To finalise the delineation of basin districts and create an enabling environment for the enhanced application of the basin management approach through River Basin Management Plans.
– The need for the application of prioritized and equitable water allocation with due attention to ecosystem flow needs and environmental flows and supported by flexible economic instruments.
– Agreement for water users to consider the economic dimensions of water to ens
ure the benefits and costs of water management are properly evaluated.
– Support for furthering transboundary cooperation through, for example, increased and joint water monitoring and information sharing.
– A commitment to revisit the current approach and legal framework for managing water and environmental data to make it more accessible to national stakeholders.
Source: Trend News Agency
Source: Trend News Agency