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As mentioned in Chapter 2, gaps remain in setting pricing strategies that effectively lead to an efficient use of water. The recent evaluation of the 2nd RBMPs reports that a number of Member States have upgraded their water pricing policies, notably by fulfilling the ex-ante conditionality for water under the Common Provisions Regulation for the European Structural and Investment Funds for the period 2014-2020. Furthermore, increased funding and investments are still necessary to meet the objectives of the WFD (EC, 2019b). Here, the wider exploitation of EU funds should finally be activated and used to leverage private investment employing the EU Taxonomy for Sustainable Finance. This complementary source of the much-needed funding could be used to promote more ambitious planning and implement measures that help correct imbalances in cost bearing, effectively levelling the playing field for different water users (including the environment). However, any future investments must take stock of past experiences.

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