Water Benefit Standard Project Development
The Gold Standard Water Benefit Standard (WBS) takes a results based approach to the financing of water projects based on the benefits they generate. After substantial work undertaken by the public private Water Benefits Partnership initiated by the green investment and environmental consulting company, First Climate A.G., The Gold Standard Foundation has further developed and built a governance and rules framework through which pilot projects are being implemented. The framework provides a globally consistent mechanism defining best practice governance for water projects.
The Gold Standard WBS Requirements are for projects that include:
• Water supply,
• Water purification AND/OR
All projects must ensure they are aware of, and address the following issues within the watershed:
• Environmental integrity and sustainable development