The objective of this report is to assess the feasibility of valuing water as a natural capital asset in at least 150 countries for possible inclusion in CWON. Water represents a portfolio of assets, including surface water, groundwater, and soil water (“green” water). Recycled water (“gray” water) is not considered a water asset as it is derived from water extracted from the environment and circulates within the economy. Ocean water is not considered an asset needing valuation as it is essentially limitless and industrial processes are needed to make it suitable for most uses (for example, desalination for drinking water and pumping for cooling). The report identified three approaches for estimating values consistent with the value of the other natural capital assets in CWON: (1) asset-by-asset, (2) use-by-use, and (3) service-by-service.
Authors
Related Organizations
- Citation
- “ World Bank . 2024 . The Changing Wealth of Nations: Adding Water to the Changing Wealth of Nations . © Washington, DC: World Bank . http://hdl.handle.net/10986/42356 License: CC BY-NC 3.0 IGO . ”
- Collection(s)
- Other papers
- DOI
- https://doi.org/10.1596/42356
- Identifier externaldocumentum
- 34403547
- Identifier internaldocumentum
- 34403547
- Pages
- 61
- Published in
- United States of America
- Report
- 194072
- Rights
- CC BY-NC 3.0 IGO
- Rights Holder
- World Bank
- Rights URI
- https://creativecommons.org/licenses/by-nc/3.0/igo
- UNIT
- Planet - GLOBAL ENR PM (SENGL)
- URI
- https://hdl.handle.net/10986/42356
- date disclosure
- 2024-11-01
- region geographical
- World
- theme
- Adaptation,Mitigation,Economic Policy,Economic Growth and Planning,Environment and Natural Resource Management,Climate change
Files
Table of Contents
- INTRODUCTION 4
- THREE APPROACHES TO WATER VALUATON 5
- BACKGROUND 6
- NEXT STEPS 6
- TABLE OF CONTENTS 8
- TABLES 9
- FIGURES 9
- ACRONYMS AND ABBREVIATIONS 10
- 1 Introduction 11
- Box 1.1 Terminology 13
- 1.1 WATER VALUATION 14
- 1.2 NATURAL CAPITAL ASSETS AND CWON 14
- 1.3 THE SYSTEM OF NATIONAL ACCOUNTS AND ITS 16
- RELATIONSHIP TO CWON 16
- 2 Water Value in the Context of CWON 20
- ATMOSPHERE 21
- Inland Water Resource System 21
- Economy 21
- SEA 21
- Box 2.1 Water Accounting Plus 23
- 2.1 SEEA-WATER 23
- 2.2 SEEA ECOSYSTEM ACCOUNTING 27
- 2.3 DIFFERENCES BETWEEN SEEA-WATER AND THE SEEA 31
- ECOSYSTEM ACCOUNTING 31
- 2.4 UPTAKE OF WATER AND ECOSYSTEM ACCOUNTING 33
- 3.1 ASSET-BY-ASSET 34
- 3 Water Valuation Options for CWON 34
- 3.2 USE-BY-USE 35
- 3.3 SERVICE-BY-SERVICE 35
- 3.4 DOUBLE COUNTING 36
- 4.1 VALUATION METHODS 37
- 4 Data Sources and Methods 37
- 4.2 GLOBAL DATA SOURCES AND METHODS 38
- Box 4.1 ARIES for SEEA 39
- 5 Way Forward 40
- 5.1 OPTIONS FOR VALUATION 41
- 5.2 CONCLUSION AND NEXT STEPS 42
- References 44
- Appendix 1 50
- Glossary of SEEA-Water 50
- Appendix 2 55
- Appendix 3 57
- Botswana as an example of water accounting supply and use tables 57
- Appendix 4 58
- Review of water accounting 58
- A4.1 INTRODUCTION 58
- A4.2 DATA SOURCES AND METHODS 58
- Appendix 5 60
- Global water databases and hydrological models 60
