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World's First Digital Water Bank Partners with Frost & Sullivan to Develop Blue Taxonomy

2023-11-11 01:30:14.998000

The Digital Water Bank has partnered with Frost & Sullivan to develop a "Blue Taxonomy," which classifies and categorizes various aspects of water use and efficiency. The taxonomy provides a framework for understanding the economic, environmental, and social dimensions of water. The global water industry is facing increasing pressure due to climate change and population growth, making the Blue Taxonomy essential for aligning water stewardship and promoting sustainability. The Digital Water Bank's protocol for responsible resource management will be leveraged by the Blue Taxonomy. AqVerium, a digital innovation by AquaKraft Group Ventures, offers an integrated framework for water footprint assessment, water balance sheets, and the issuance and management of AquaKredits. The Blue Taxonomy aims to standardize protocols across various aspects of water management, including water pricing, financing, and credits, to bring uniformity and transparency to the water circular economy. The taxonomy will help policymakers, researchers, and practitioners understand the economic complexities of water management and develop strategies for sustainable and efficient water use. The owner of the Label - Myosutra, Roshni Mukherjee, was awarded for Women in Business at the Indo-UK Business meet. [9eecf633]

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