International Approaches to Policy and Decision-making
Edited by Jayne M. Godfrey and Keryn Chalmers
Managing water resources intelligently requires decision-makers to be able to understand and measure the ultimate economic, social and environmental impacts of decisions about the management of water. This in turn requires sound data based on a conceptual framework to link water resources management to broader societal goals, and analytical systems to define and measure them. Just as GDP, the key indicator of national economic performance, is derived from the system of national economic accounts, so must the indicators of water performance be based on a system of water accounts. This research book fills an important gap by examining the subject of water accounts in depth and by showing why and how water accounting is vital to decisions that will ensure that water and related resources are managed in a sustainable way. The book explains the role that water accounting can play in strengthening water policy and the water industry, in conflict mitigation and resolution, and in underpinning important economic, socio-political and environmental decisions. As such, it provides an in-depth overview of the state-of-the-art of a field of potentially great significance to water managers. Consistent with its theme, this book is a truly collaborative project. Contributing authors are drawn from around the globe and from academic, practice and policy backgrounds in both water and financial reporting. They apply a range of theories and research methods to provide a wealth of thought leadership on issues faced at political, theoretical and practical levels, as countries and organizations use alternative water accounting systems to...