Development of an integrated methodology for the sustainableenvironmental and socio-economic management of river ecosystems

Phoebe Koundouri (), P. Ker Rault, V. Pergamalis, V. Skianis and Ioannis Souliotis

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: The development of theWater Framework Directive aimed to establish an integrated framework of water management at European level. This framework revolves around inland surface waters, transitional waters, coastal waters and groundwaters. In the process of achieving the environment and ecological objectives set fromthe Directive, the role of economics is put in the core of thewatermanagement. An important feature of the Directive is the recovery of total economic cost of water services by all users. The total cost of water services can be disaggregated into environmental, financial and resource costs. Another important aspect of the directive is the identification of major drivers and pressures in each River Basin District.We describe a methodology that is aiming to achieve sustainable and environmental and socioeconomic management of freshwater ecosystem services. The EcosystemServices Approach is in the core of the suggested methodology for the implementation of a more sustainable and efficientwater management. This approach consists of the following three steps: (i) socio-economic characterization of the River Basin area, (ii) assessment of the current recovery of water use cost, and (iii) identification and suggestion of appropriate programs of measures for sustainablewatermanagement over space and time. Thismethodology is consistent with a) the economic principles adopted explicitly by theWater Framework Directive (WFD), b) the three-step WFD implementation approach adopted in the WATECO document, c) the Ecosystem Services Approach to valuing freshwater goods and services to humans. Furthermore, we analyze how the effects ofmultiple stressors and socio-economic development can be quantified in the context of freshwater resources management.We also attempt to estimate the value of four ecosystemservices using the benefit transfer approach for the Anglian River Basin, which showed the significance of such services.

Keywords: sustainable river management; total economic value; ecosystem services approach; integrated methodology; WFD; value transfer method (search for similar items in EconPapers)
JEL-codes: J1 (search for similar items in EconPapers)
Date: 2015-07-17
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Citations: View citations in EconPapers (7)

Published in Science of the Total Environment, 17, July, 2015, 540, pp. 90-100. ISSN: 0048-9697

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