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Overall, however, public funds alone will not be sufficient to support the large number of measures needed for the achievement of WFD goals. Thus, innovative financing mechanisms are needed, and some have already been set up in European countries. For example, in Sweden, an industry fund (hydropower environmental fund) was set up in 2019 to fund mitigation measures in the hydropower sector related to the country’s new National Plan for the revision of hydropower licenses in the next 20 years (SWAM, 2019). The fund consists of contributions from all the main hydropower producers of the country and will support mitigation measures at hydropower plants which cannot otherwise afford this type of interventions.

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