30 Apr '13, 12pm

Why only focusing on water's current cost is a mistake

Why only focusing on water's current cost is a mistake

We increasingly hear about the disconnect between the cost and value of water. This is a real issue as all too often the cost of water is used in decision-making for investing in water projects in the areas of efficiency and reuse and recycling. This approach can lead to short-sighted decisions in addressing water-related business risks. Simply put, the value of water exceeds its cost. Companies should understand the value of water to address long-term, water-related risks. There are several key principles in understanding the economic value of water and the costs associated with provisioning water. The cost of water consists of both direct and indirect costs. The value of water is derived from the use of water and affected by factors such as quality and the reliability of supply. A few definitions are provided below for context from "Water as a Social and Economic Good: H...

Full article: http://www.greenbiz.com/blog/2013/04/30/focusing-waters-c...

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