LimnoTech is serving as a scientific advisor to First Climate in Germany, a carbon asset management and climate-neutral service provider. First Climate is working with the Swiss Agency for Development and Cooperation (SDC) to develop an innovative financing mechanism for water projects, including improved agricultural practices that improve food security. The “Water Benefit Certificate” (WBC) mechanism is managed through a Public-Private Partnership called “Water Benefit Partners.” Each credit certifies that a volume of water has been supplied, purified, or saved.
A technical methodology is needed to relate investments in water projects to volumetric water benefits. The method must be robust and defensible, but practical enough for broad application.
LimnoTech’s role is methodology development and application to ensure credible defensible claims. We developed a methodology for WBC projects in India that replace water-intensive irrigation techniques with drip irrigation systems to increase water productivity. LimnoTech presented during a workshop and participated in a site visit in India where the methodology was tested.
LimnoTech prepared a report documenting the methodology that is currently in review by the Gold Standard Foundation. This financing mechanism will allow water project financing to be linked to measurable and verifiable project benefits that account for water savings and increased crop productivity.