The problem is partially rooted in institutions, who having imperceptibly supplanted traditional & cultural rites of passage often fail to recognize the extent of the need for robust, wholistic and sustained alternatives. Girls experiencing menarche not only require WASH infrastructure, but meaning; they not only need materials, space and privacy to change and dispose of menstrual products, but an environment free from aspersions, taboo and social restriction.
AD systems are installed for many different purposes, such as a waste treatment step, a means to reduce odours, a source of additional revenues, or a way to improve public image. The AD treats water and waste, reducing adverse environmental impacts. Through AD, two main by-products can be obtained: biogas—that can be used as a fuel, and sludge—that can be used as a soil amender for improve crops. These AD “by-products” are important in the context of mitigating the impacts of climate change, where environmental co-benefits come from efficient use of “by-products”. For instance, livestock enteric fermentation, livestock waste management, rice cultivation, and agricultural waste burning are all sources of methane emissions, representing between 7 and 10 percent of global methane emissions. AD not only treats water through an environmentally sustainable approach, but also contributes to produce high rates of methane for recovery and further utilization.
Persuasion does not always involve an epiphany. Often, attitudes are formed and opinions are shaped by the steady accumulation of evidence and examples. And so, it has been for me when it comes to blended finance.
While anecdotes of transformation may be catchier, the gradual absorption of the work of experts and practitioners is frequently how one’s thinking evolves. I left the recent 2018 Global Water Summit not feeling transformed or possessed by the idea that blended finance is THE solution for bridging the humongous financial gap required to meet SDG6, but more convinced than ever it has a key role to play. I was also positively surprised that this financial solution is no longer an exotic stranger to our sector and that a significant number of water supply and sanitation (WSS) practitioners are implementing blended finance schemes.
What does it take to finance sustainable water supply and sanitation? The World Bank Group takes this question very seriously indeed. That’s why during the recent Global Water Summit, the World Bank Group partnered with the organizer, Global Water Intelligence, to present the key concepts of Blended Finance to participants from all over the world.
But what is blended finance and why is the World Bank talking about it?