Integrated Water Resources Management: STRIVER Efforts to Assess the Current Status and Future Possibilities in Four River Basins

The contemporary concept of Integrated Water Resources Management (IWRM) was primarily conceived for the purpose of promoting sustainable water management. There are many elements included in modern IWRM perceptions, e.g., natural resource utilization planning combined with at strategy to balance between social, economic and environmental objectives based on an overall sustainability concept. However, the concept behind IWRM is not new. The historical development of the concept of Integrated Water Resources Management (IWRM) can be found in Rahaman and Varis (2005).Peer Reviewe

The role of valuation and bargaining in optimising transboundary watercourse treaty regimes

In the face of water scarcity, growing water demands, population increase, ecosystem degradation, climate change, and so on transboundary watercourse states inevitably have to make difficult decisions on how finite quantities of water are distributed. Such waters, and their associated ecosystem services, offer multiple benefits. Valuation and bargaining can play a key role in the sharing of these ecosystems services and their associated benefits across sovereign borders. Ecosystem services in transboundary watercourses essentially constitute a portfolio of assets. Whilst challenging, their commodification, which creates property rights, supports trading. Such trading offers a means by which to resolve conflicts over competing uses and allows states to optimise their ‘portfolios’. However, despite this potential, adoption of appropriate treaty frameworks that might facilitate a market-based approach to the discovery and allocation of water-related ecosystem services at the transboundary level remains both a challenge, and a topic worthy of further study. Drawing upon concepts in law and economics, this paper therefore seeks to advance the study of how treaty frameworks might be developed in a way that supports such a market-based approach to ecosystem services and transboundary waters