Groundwater in arid areas is depleting rapidly. Proper monetization schemes for water abstraction are a sustainable solution to manage groundwater resources.
We are developing a software platform to monitor & control groundwater, combining new IoT and Earth Observation technologies.
We know that monetization of groundwater is done by giving permits and sometimes self-reporting abstraction volumes. But this needs to be better when droughts increase and water levels are surpassing dangerous low levels.
We also know that California and parts of Africa started the introduction of modern groundwater monitoring and monetizing schemes.
We are looking for examples, initiatives or possibilities for groundwater monetization. It all comes down to one thing: valuing water.