Water in circular economy and resilience consultancy for economic and financial analysis
We supported the initiative of the World Bank’s Global Water Practice to help adopt and implement the principles of circular water and resilience in cities around the world.
Challenge
It is estimated that the urban population worldwide will nearly double by 2050 — an increase that has serious implications for water demand in cities. Urban water demand is expected to rise to 30 percent of the total global demand. The rise of urban water use will also lead to more wastewater and water pollution. Climate change further exacerbates pre-existing water stresses and is already having a measurable effect on the urban water cycle, altering the amount, distribution, timing, and quality of available water.
Approach
We developed a methodological framework to assess the financial and economic costs and benefits of circular economy approaches to demonstrate the gains that can be achieved by moving away from the current, unsustainable linear thinking. Demonstrating the economic and financial gains of applying the WICER principles is crucial for generating the interest, commitment, and funding for WICER-projects from policy and decision makers.
The use of such methodological framework is expected to help decision makers prioritize investments and interventions using the WICER Framework and help them identify new funding options for circular water projects, and financial instruments to implement such projects.
Impact
We help and inform decision makers to embrace and implement circular and resilience principles in cities around the world.
The experience of a Rebel
