Valuing Ground Water: Economic Concepts and Approaches by National Research Council, Division on Earth and Life

By National Research Council, Division on Earth and Life Studies, Environment and Resources Commission on Geosciences, Committee on Valuing Ground Water

Valuing flooring Water integrates the newest monetary, criminal, and actual wisdom approximately flooring water and strategies for valuing this source. utilizing the concept that of overall financial price, the publication presents a framework for calculating the industrial worth of flooring water and comparing tradeoffs among competing makes use of of it.

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Valuing Ground Water: Economic Concepts and Approaches

Valuing flooring Water integrates the most recent financial, criminal, and actual wisdom approximately flooring water and techniques for valuing this source. utilizing the concept that of overall financial price, the booklet presents a framework for calculating the commercial price of flooring water and comparing tradeoffs among competing makes use of of it.

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Html GROUND WATER RESOURCES: HYDROLOGY, ECOLOGY, AND ECONOMICS 35 Ground water depletions occur when water is discharged from aquifers naturally via seeps and springs, from direct uptake by plants where the water table is in the root zone, and from extractions through wells. The manner in which a ground water basin responds to pumping depends upon whether the aquifer is confined or unconfined. For a confined aquifer, a cone of depression, which originates at the point that water is actually extracted by pumps, will move rapidly through the aquifer.

For now, the debate continues as to whether a comprehensively implemented containment strategy will prove less expensive in the long term than the current policy of complete cleanup. Valuation, including consideration of alternative uses of an affected site, and the costs of alternative sources of water, would not only be a useful tool to guide decisions on whether to pursue containment or remediation but is also worthwhile for clarifying various tradeoffs to contamination prevention action. Increasing awareness of the need to prevent contamination of ground water supplies, on top of mounting costs of remediation, point to the importance of coordinated and comprehensive land and water use decision-making.

Remediation In some cases ground water quality degradation may be irreversible. In such situations it becomes especially important that the resource is properly valued. If Copyright © 2003 National Academy of Sciences. All rights reserved. edu) for research purposes are copyrighted by the National Academy of Sciences. Distribution, posting, or copying is strictly prohibited without written permission of the NAP. 6 A General Matrix of Ground Water Functions/Services and Applicable Valuation Methods Ground Water Function/Service Flow Applicable Valuation Method A.

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