India’s leading packaged water maker Bisleri aims to introduce water credits, along the lines of carbon credits, to make beverage makers more accountable for water usage.
Bisleri has collaborated with TERI School of Advanced Studies to conduct a study that would help in setting a benchmark for the beverage industry’s commitment to water conservation.
The findings of the study will be shared with the central government which will help in developing a framework for water credits in the beverage industry.
“The water sector can generate green credits through water conservation, water harvesting, and water use efficiency, including treatment and reuse of wastewater. This report is about proposing a model to the government—they can use and craft it. So, we are requesting the government to set up a platform as quickly as possible, similar to carbon credits, using this as a template,” Angelo George, CEO, Bisleri International said in an interview with a leading media house.
The study will review various national and international policies and practices in water trading, water credits and fiscal instruments and develop a methodological framework to estimate the water footprint of a production unit.