The increase in global water insecurity is one of the first perceivable effects of climate change. Two billion people are now without access to safe drinking water, and four billion experience water stress at least once a year, primarily in low per-capita emission countries. This nexus between climate change and water insecurity has significant implications for the global economy, with the water sector contributing 10% of global emissions. Though traditionally a local issue, climate finance mechanisms like the voluntary carbon market (VCM) present opportunities for a global, sustainable, performance-based funding stream to address water insecurity. Since 2010, water-related carbon projects have yielded over 45 million emission reduction credits. Our analysis estimates a global potential of over 1.6 billion tCO2e per year across various water project subsectors. At a $10 per credit average, this could attract over $160 billion in investments over the next decade, enhancing global water security. However, barriers like high intervention costs and limited technologies hinder widespread implementation, creating a tension between standardized and bespoke credits. We present case studies, spanning drinking water initiatives to the wastewater treatment sector that illustrate VCM's role in channeling private sector capital for water security in climate-vulnerable regions.

The Colorado and Mississippi River basins are crucial for water supply, agriculture, and ecological stability in the U.S., yet climate change, water management practices, and energy sector demands pose significant challenges to their sustainability. This paper highlights the potential of leveraging the Voluntary Carbon Market (VCM) to address these challenges by creating new revenue streams and incentivizing sustainable water management practices. It provides high-level estimates by extrapolating from existing literature. The paper finds that water projects in these basins could generate over 45 million carbon credits annually, potentially attracting around USD 4.5 billion in investments over the next decade. However, challenges such as high costs, complex regulations, and stakeholder coordination must be addressed. The paper also identifies opportunities for advancing water resiliency projects, including increasing public awareness, engaging corporations, and utilizing innovative financing mechanisms. Recommendations include promoting the VCM–water relationship, encouraging methodology innovation, developing pilot programs, investing in digital monitoring technologies, and conducting localized analysis to optimize carbon credit potential in water management. In conclusion, this paper quantifies the potential of water projects to generate carbon credits and indicates that integrating carbon markets with water management strategies can significantly contribute to global climate goals and improve water resilience in these critical regions.

We present a study design and baseline results to establish the impact of interventions on peri-urban water access, security and quality in Kasai Oriental province of the Democratic Republic of the Congo. In standard development practice, program performance is tracked via monitoring and evaluation frameworks of varying sophistication and rigor. Monitoring and evaluation, while usually occurring nearly concurrently with program delivery, may or may not measure parameters that can identify performance with respect to the project’s overall goals. Impact evaluations, often using tightly controlled trial designs and conducted over years, challenge iterative program evolution. This study will pilot an implementation science impact evaluation approach in the areas immediately surrounding 14 water service providers, at each surveying 100 randomly-selected households and conducting water quality assessments at 25 randomly-selected households and five water points every three months. We present preliminary point-of-collection and point-of-use baseline data. This study is utilizing a variety of short- and medium-term monitoring and impact evaluation methods to provide feedback at multiple points during the intervention. Rapid feedback monitoring will assess the continuity of water services, point-of-consumption and point-of-collection microbial water quality, household water security, household measures of health status, ability and willingness to pay for water and sanitation service provision, and service performance monitoring. Long-term evaluation will focus on the use of qualitative comparative analysis whereby we will investigate the combination of factors that lead to improved water access, security and quality.