This paper examines water challenges, a growing global concern with adverse economic and social consequences, and discusses economic policy instruments. Water subsidies provided through public utilities are estimated at about $456 billion or 0.6 percent of global GDP in 2012. The paper suggests...

Europe's freshwaters are affected by water scarcity, droughts, floods and physical modifications. Many water bodies are at risk of failing to meet the aim of the EU Water Framework Directive (WFD) to achieve good status by 2015. Future policies should encourage demand management through actions...