This report was developed by the OECD Environment Directorate directed by Jo Tyndall. It is an output of the OECD Environment Policy Committee (EPOC) and its Working Party on Working Party on Biodiversity, Water and Ecosystems (WPBWE).
The report is authored by Lylah Davies of the OECD’s Environment Directorate. The author is grateful for substantive inputs from Sarah Pouey of University of Orléans who prepared detailed background research for this report.
The work was conducted under the overall supervision of Sophie Trémolet, Water Team lead and Walid Oueslati, Head of the Climate, Biodiversity and Water Division, OECD Environment Directorate.
The author team is grateful to Jennifer Timmins and Nassera Belkhiter Nassera, OECD, for managing the report layout, Sama Al Taher Cucci for providing communications guidance, and Jiyul Shin and Jane Kynaston for creating the illustrations.
This report benefitted from valuable comments from Giulio Mazzone, Takayoshi Kato, Xavier Leflaive, Marijn Korndewal, Martha Baxter, Geraldine Ang and Naina Mangtani from the OECD secretariat.
The authors are also grateful to Jimena Alvarez from Oxford University Environment Change Institute (ECI), Joe Ray and Bianca Barilla from CDP (formerly the Carbon Disclosure Project), Kata Molnar from Hungarian National Bank (Magyar Nemzeti Bank “MNB”), Hugh Miller from the Centre for Economic Transition Expertise at the London School of Economics and Political Science (LSE), and Carolin Carella from the World Wide Fund for Nature (WWF) for their valuable insights and comments.
The report builds on the engagement of participants of a dedicated workshop with central banks held at the OECD Headquarters in December 2024. This work was partially funded by the Global Commission on the Economics of Water, an initiative of the Government of the Netherlands.