CORDIS Project
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This project focuses on developing agricultural water markets and drought insurance systems to improve water management in Southern Europe. By using advanced economic modeling, it aims to assess the effectiveness of these tools in balancing agricultural demands and environmental sustainability.
More than 50% of total water abstractions in Southern Europe come from the agricultural sector, rising to more than 80% in some regions.
Water abstractions are particularly high and fast growing in profitable irrigated areas in the Mediterranean Basin, where agricultural demand enters in direct competition with basic environmental services increasingly often.
Urgent action is needed to address this unsustainable trade-off.
Economic instruments represent a means of adapting demand to collectively…
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