Bìznes Inform (Jan 2024)
Institutional Environment for Strengthening the Sustainability of the Water Management Sector in the Conditions of External Risks and Threats
Abstract
The article considers the importance of the functional influence of the institutional environment on strengthening the sustainability of the water management sector and the overall increase in its efficiency in the context of the growing destructive impact of external risks and threats. The key aspects related to the formation of effective institutional mechanisms aimed at ensuring sustainable development of water resources and reducing the vulnerability of the water sector to external influences are identified. The importance of creating an effective regulatory framework that would comprehensively contribute to ensuring the sustainability of the water management sector in the long term is analyzed, taking into account the variety of external risks, such as climate change, environmental pollution, as well as the destructive impact of military operations. The issues of implementation of institutional innovations in the system of regulation of the water management sector in Ukraine are considered, in particular, such as the introduction of the latest technologies for water resources management, development of a system of interaction with non-governmental public and environmental institutions in the decision-making process, as well as promoting their participation in the formation of water resources management policy. The necessity of increasing attention to the institutional aspects of water resources management is substantiated, this will contribute to the conservation and sustainable use of water resources in the face of growing external risks and threats. It is proved that effective management of water resources requires an integrated approach, which should take into account not only technical aspects, but also socioeconomic and institutional factors. It is determined that the presence of stable institutional structures contributes to the creation of appropriate conditions for the development of the water management sector, as well as its functional adaptation to changes in the external environment. Institutional models of water resources management have been studied, based on which key principles and approaches that can be used to generally increase the sustainability of the water management sector in the context of external risks and threats have been identified.
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