Water Benefit Partners
Water Benefit Partners (WBP) is a Public Private Partnership (PPP) that was formed to develop an innovative financing mechanism for water projects based on a common currency called Water Benefit Certificates (WBC).
The partnership is co-funded by the Swiss Development Cooperation (SDC) for a period of 4 years. With various partners and stakeholders on board, the PPP aims to develop the WBC mechanism as a public good in order to raise additional finance for water projects through a market of Water Benefit Certificates.
Aquasis Solutions works on the ground with local communities and acts as the project implementer on the water engineering side.
How it works
The WBC mechanism uses a market-based approach that is centered around the idea of financing water related projects based on the benefits they generate. Water Benefit Certificates (WBCs) serve as a common currency for a wide range of water projects and capture the benefits by quantifying the volume of water that has been saved, supplied or purified by a certain project during a specific period of time. The sale of these WBCs generates revenue that is then used to support the project activity.
In order to be approved under the scheme and to generate WBCs, projects must go through the WBC certification cycle and meet a set of stringent sustainability criteria, which are defined in the WBC standard. (See WaterBenefitStandard_version2014.pdf).
In other words: the project must go beyond the business-as-usual scenario. Transparency is a key principle in the WBC certification process to ensure a high level of credibility, both among potential WBC buyers and WBC project owners.
Find the Communication Recommendations For Water Benefit Certificate Buyers here: WBC_Communication_Recommendations_version2014.pdf
For more information: www.waterbenefitpartners.org
Thanks to our broad range of partners in Europe, Latin America, Africa and Asia, we are able to implement environmental projects and find co-financing partners, usually in the form of public-private partnerships.
Tangible examples of WBC on the ground
We are currently implementing a water footprint mitigation project for a Swiss retailer company in Morocco. Aquasis is one of the first organisations in Switzerland using the brand new Water Benefit Standard to warranty that the project we will implement has a measurable positive impact on the environment and on the local communities. The Water Benefit Standard is a new results-based approach that will bring investment and long-term governance to critically important water projects, ensuring that they are successful over time.