Daily Current affairs
The 2030 Water Resources Group (2030WRG) will help the Maharashtra Government raise $270 million from the Green Climate Fund, which will be invested in integrated watershed programmes such as Jalyukt Shivar Yojana.
The Green Climate Fund (GCF) is a new fund under the UN and is guided by the principles and provisions of the UN Framework Convention on Climate Change. The 2030WRG is hosted by the International Finance Corporation and is a public-private-civil society collaboration for water resources reform in developing economies. Its ultimate aim is to close the gap between water demand and supply by the year 2030.
Co-Head (Asia and Middle East) of 2030WRG, Bastiaan Mohrmann, told BusinessLine that ground water was being augmented under Jalyukt Shivar Yojana but it needs to be further connected with the efficient use of water for which one needs technology and infrastructure development at the village level, where the fund will be useful. It will also be used in crop diversification and adding market linkages, he said.
Mohrmann said for raising money from the Green Climate Fund, the State Level Climate Change Committee will endorse the proposal next week, after which it would be referred to the Central Government. The approvals will be in place in early 2018 and it could take a year to get the funding, he added.
Mohrmann also said 2030WRG, along with the State Government, has also launched the Maharashtra Water Resources Multi-Stakeholder Platform, which will address critical water resources challenges in the State. The platform will be chaired by the Chief Secretary of Maharashtra.
One of the areas of work under the platform will be acceleration of water use efficiency programme in irrigated areas, along with agriculture growth and income enhancement. It will also develop public-private-community partnership models for implementation of the programmes. Viable financing solutions, including blended finance models for promoting efficient use of water, will be worked out, he said.