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date: 20 October 2021

Challenges to Environmental Valuation of Water in Light of Global Changelocked

Challenges to Environmental Valuation of Water in Light of Global Changelocked

  • Vic AdamowiczVic AdamowiczUniversity of Alberta
  •  and Diane DupontDiane DupontBrock University

Summary

A number of challenges are faced by practitioners seeking to elicit values associated with water in a world of global change. These values are needed to assist in decision-making around the use of water as a country’s key asset. Five different pathways show the complexity of the relationship between global change and environmental valuation of water: a climate change pathway, ecosystem infrastructure pathway, population/demographics pathway, income pathway, and technological change/innovation pathway. The challenges are most acute for water when it is related to ecosystem services since values need to be elicited through the use of non-market survey-based valuation techniques. In addition, environmental valuation will be important to inform the determination of water quality standards associated with different uses of water (drinking, recreation, etc.) and the allocation of resources to provide these different services. Several case studies illustrate issues and solutions. The article concludes with an appreciation of future challenges and opportunities.

Subjects

  • Environmental Economics

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