Lake Baikal – a unique water object and ecological system
A major challenge facing the Republic of Buryatia, subject of the Russian Federation, is how to balance the task of protecting Lake Baikal – a unique water object and ecological system included in the UNESCO list of World Natural Heritage Areas – with the need for dynamic and sustainable socio-economic development of the republic. This requires streamlining and improving water policy jointly with economic, administrative, information and other policy instruments. The recommendations in this report aim to help achieve this objective. They include the introduction of abstraction charges for irrigation water as a natural resource; enhancement of state support to the water sector; and improvement of economic instruments for managing risks of water-related hazards (such as compulsory insurance and differentiated land tax rates in flood prone areas). A few innovative instruments are also recommended for pilot testing such as establishing limits for discharges of certain hazardous substances in a pilot area (e.g. Selenga river basin) and progressive development of market for tradable quotas for discharges of the “capped” pollutants; and introducing a charge (tax) on toxic agricultural chemicals (pesticides, herbicides, etc.) and synthetic detergents so that to create incentives for the reduction of diffuse water pollution.
Preserving Lake Baikal is one of the most important national priorities. The deepest and possibly the most ancient lake in the world needs ecological improvement. As part of the Ecology national project, by the end of 2024 it is planned to reduce the discharge of polluted wastewater into Lake Baikal and other water bodies of the Baikal natural territory by 28.2%. In addition, the task is to reduce the total area of contaminated areas that affect the lake by 448.9 hectares.
A total of more than 33 billion rubles (~500m euro) will be allocated to the federal project “Preservation of Lake Baikal” for the period from 2018-2024.
Source - https://www.oecd.org/