This book presents the results of an analytical study on the economic valuation for wastewater, comparing the cost of no action versus the cost of effective wastewater management. One of the Millennium Development Goals adopted by the United Nations was to reduce by half the proportion of people without access to safe drinking water and improved sanitation by 2015. Further, at the Rio+20 Summit in June 2012, governments recognised the need to adopt measures to significantly reduce water pollution, increase water quality and significantly improve wastewater treatment which is now reflected in the Sustainable Development Goals. To achieve these objectives, substantial investment in sanitation including septage and sewage management is required, in particular in developing countries. A financial analysis of wastewater management looks at its private costs and benefits and can underpin decision making from a business or treatment plant operator standpoint. Economic analysis looks at the broader costs and benefits for society, providing information for public policy decisions to support improvements in wastewater management. Adequate wastewater collection, treatment, and safe use or disposal can lead to significant environmental and health benefits. However, because some of these benefits do not have a market price, they have not traditionally been considered in the financial analysis of wastewater treatment projects, therefore underestimating total benefits.

This book presents the results of an analytical study on the economic valuation for wastewater, comparing the cost of no action versus the cost of effective wastewater management. Although economic valuation of wastewater management is complex, it remains an important tool to guide policymakers and investors to take informed decisions. A financial analysis of wastewater management looks at its private costs and benefits and can underpin decision making from a business or treatment plant operator standpoint.

Water provides benefits as a commodity for agriculture, industry, and households, and as a public good such as fisheries habitat, water quality and recreational use. To aid in cost-benefit analysis under conditions where market determined price signals are usually unavailable, economists have developed a range of alternative valuation methods for measuring economic benefits. This volume provides the most comprehensive exposition to-date of the application of economic valuation methods to proposed water resources investments and policies. It provides a conceptual framework for valuation of both commodity and public good uses of water, addressing non-market valuation techniques appropriate to measuring public benefits - including water quality improvement, recreation, and fish habitat enhancement. The book describes the various measurement methods, illustrates how they are applied in practice, and discusses their strengths, limitations, and appropriate roles. In this second edition, all chapters have been thoroughly updated, and in particular the coverage of water markets and valuation of ecosystem services from water has been expanded. Robert Young, author of the 2005 edition, has been joined for this new edition by John Loomis, who brings additional expertise on ecosystem services and the environmental economics of water for recreational and other public good uses of water.

Because water in the United State has not been traded in markets, there is no meaningful estimate of what it would cost if it were traded. But failing to establish ground water's value--for in situ uses such as sustaining wetlands as well as for extractive uses such as agriculture--will lead to continued overuse and degradation of the nation's aquifers. In Valuing Ground Water an interdisciplinary committee integrates the latest economic, legal, and physical knowledge about ground water and methods for valuing this resource, making it comprehensible to decisionmakers involved in Superfund cleanup efforts, local wellhead protection programs, water allocation, and other water-related management issues. Using the concept of total economic value, this volume provides a framework for calculating the economic value of ground water and evaluating tradeoffs between competing uses of it. Included are seven case studies where ground-water valuation has been or could be used in decisionmaking. The committee examines trends in ground-water management, factors that contribute to its value, and issues surrounding ground-water allocation and legal rights to its use. The book discusses economic valuation of natural resources and reviews several valuation methods. Presenting conclusions, recommendations, and research priorities, Valuing Ground Water will be of interest to those concerned about ground-water issues: policymakers, regulators, economists, attorneys, researchers, resource managers, and environmental advocates.

The books provides a timely analysis in support of a paradigm shift in the field of wastewater management, from ‘treatment for disposal’ to ‘treatment for reuse’ by offering a variety of value propositions for water, nutrient and energy recovery which can support cost savings, cost recovery, and profits, in a sector that traditionally relies on public funding. The book provides new insights into the economics of wastewater use, applicable to developed and developing countries striving to transform wastewater from an unpleasant liability to a valuable asset and recasting urbanization from a daunting challenge into a resource recovery opportunity. “It requires business thinking to transform septage and sewage into valuable products. A must read for water scholars, policy makers, practitioners, and entrepreneurs". Guy Hutton, Senior Economist, Water and Sanitation Program, Water Global Practice, World Bank “This book provides compelling evidence and real solutions for the new ‘resource from waste’ approach that is transforming sanitation, boosting livelihoods, and strengthening urban resilience”. Christopher Scott, Professor and Distinguished Scholar, University of Arizona “This book shows how innovative business thinking and partnerships around resource recovery and reuse fit well within an inclusive green economy and climate change adaptation and mitigation strategies”. Akiça Bahri, Coordinator of the African Water Facility, Tunisia, and award-winning researcher