Table of Contents

Water Accounting

Water Accounting

International Approaches to Policy and Decision-making

Edited by Jayne M. Godfrey and Keryn Chalmers

One of the most pressing global issues of the 21st century is the scarcity of water of a quantity appropriate to ensure economic, environmental and social sustainability. In addressing the issue through policy and management, of critical importance is access to high quality information. But water scarcity has many implications, and it is possible that different reporting approaches, generally called water accounting systems, can be appropriate to addressing them. In this groundbreaking book, international experts respond to the question: what role can water accounting play in resolving individual, organizational, industry, national and international economic, social and environmental issues? They explore how various forms of water accounting are utilized and the issues that they address.

Chapter 8: Development and Application of the System of Environmental-Economic Accounting for Water in China

Hong Gan, Yu Wang, Qiong Lu, Qin Changhai and Michael Vardon

Subjects: business and management, management and sustainability, economics and finance, international accounting, environment, energy policy and regulation, environmental management, water


Hong Gan, Yu Wang, Qiong Lu, Michael Vardon and Qin Changhai INTRODUCTION The China Water Accounting Project was initiated in November 2006 by the Chinese Ministry of Water Resources (MWR) with assistance from the National Bureau of Statistics (NBS) and the United Nations Statistics Division (UNSD). Its purpose is to establish a water accounting framework based on international experiences and standards, with the primary objective of supporting water resources management. The MWR and NBS modelled the Chinese Water Accounting Framework on the System of Environment-Economic Accounting for Water (SEEAW), with adaptations to suit the Chinese environment. Both theoretical and applied research were conducted to inform the development of what is now a preliminary water accounting framework, and physical and economic accounts have been prepared at the national level and for four regions: the Beijing and Shanghai municipalities and the Haihe River and Taihu Lake basins. In addition, based on these accounts, case studies have been undertaken on the valuation of water resources, the cost of resource depletion and environmental degradation, and policy interventions. The development of water accounting is playing an important role in strengthening water resources management  in China and in particular enables the construction of a range of indicators that can be used by decision-makers. This chapter outlines the application of SEEAW in China, how it aligns with or differs from the UNSD’s framework and approaches and its application in the future. 139 M2861 - GODFREY 9781849807494 PRINT.indd 139 29/02/2012 12:13 140 Water accounting STRUCTURE OF THE...

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