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Applying Natural Capital Accounting to Water Policy

Nagy, Michael; Peevor, Stuart; Vardon, Michael

Description

This chapter provides an introduction to key water policy areas and the concepts of full cost recovery and integrated water resource management to which natural capital accounting (NCA) has or could contribute. The discussion uses examples from Australia, the Netherlands, and Wealth Accounting and the Valuation of Ecosystem Services (WAVES) countries to illustrate some key points, which are likely to be relevant beyond the countries examined. It is important to understand, that the limited...[Show more]

dc.contributor.authorNagy, Michael
dc.contributor.authorPeevor, Stuart
dc.contributor.authorVardon, Michael
dc.contributor.editorMichael Vardon
dc.contributor.editorSteve Bass
dc.contributor.editorSofia Ahlroth
dc.contributor.editorArjan Ruijs
dc.date.accessioned2020-02-03T00:49:54Z
dc.date.available2020-02-03T00:49:54Z
dc.identifier.urihttp://hdl.handle.net/1885/200939
dc.description.abstractThis chapter provides an introduction to key water policy areas and the concepts of full cost recovery and integrated water resource management to which natural capital accounting (NCA) has or could contribute. The discussion uses examples from Australia, the Netherlands, and Wealth Accounting and the Valuation of Ecosystem Services (WAVES) countries to illustrate some key points, which are likely to be relevant beyond the countries examined. It is important to understand, that the limited freshwater resources on the planet require management through water policies that regulate the supply as well as the demand of multiple users. Freshwater resources are unevenly distributed in time and space. Reservoirs are used to manage water over time, but options for increasing water supply in dry areas are limited. Because water is a bulky good, the demand in one region cannot simply be addressed by supply from another region. Water policy targets are set at different levels: globally (for example, through the Sustainable Development Goals [SDGs]), regionally (for example, European Water Framework Directive), as well as through national strategies and legislation. Water accounting is a helpful tool to analyze current water uses and related environmental and financial implications. Accounting helps in demand forecasting to assess the impact on the economy of reduced water availability and determine cost-effective options for increasing supply or reducing demand. Furthermore, it is a useful tool to model the impact of regulative measures on water use patterns and the impact of changing the price of water on the economy.
dc.format.mimetypeapplication/pdf
dc.language.isoen_AU
dc.publisherWorld Bank Group
dc.relation.ispartofForum on Natural Capital Accounting for Better Policy Decisions: Taking Stock and Moving Forward
dc.relation.isversionof1st Edition
dc.rights© 2017 International Bank for Reconstruction and Development / The World Bank
dc.titleApplying Natural Capital Accounting to Water Policy
dc.typeBook chapter
local.description.notesImported from ARIES
dc.date.issued2017
local.identifier.absfor050209 - Natural Resource Management
local.identifier.absfor060208 - Terrestrial Ecology
local.identifier.absfor150106 - Sustainability Accounting and Reporting
local.identifier.ariespublicationu1055894xPUB40
local.publisher.urlwww.wavespartnerhship.org
local.type.statusPublished Version
local.contributor.affiliationNagy, Michael, United Nations Economic Commission for Europe
local.contributor.affiliationPeevor, Stuart, EIB Consulting
local.contributor.affiliationVardon, Michael, College of Science, ANU
local.bibliographicCitation.startpage217
local.bibliographicCitation.lastpage227
local.identifier.absseo960609 - Sustainability Indicators
local.identifier.absseo910199 - Macroeconomics not elsewhere classified
dc.date.updated2019-11-25T07:26:47Z
local.bibliographicCitation.placeofpublicationUnited States
dcterms.accessRightsOpen Access
dc.provenanceThe material in this work is subject to copyright. Because The World Bank encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given. - from the book cover.
CollectionsANU Research Publications

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