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Article

Water Price: Environment Sustainability and Resource Cost

by 1,2,* and 1,*
1
Department of Finance and Accounting, University of Alicante, Carretera de San Vicente del Raspeig s/n., San Vicente del Raspeig, 03690 Alicante, Spain
2
University Institute of the Water and the Environmental Sciences, University of Alicante, Carretera de San Vicente del Raspeig s/n., San Vicente del Raspeig, 03690 Alicante, Spain
*
Authors to whom correspondence should be addressed.
Water 2020, 12(11), 3176; https://doi.org/10.3390/w12113176
Received: 23 September 2020 / Revised: 5 November 2020 / Accepted: 7 November 2020 / Published: 13 November 2020
(This article belongs to the Special Issue Water Economics and Water Distribution Management)
The determination of a price for water is an open discussion among related players, directly or indirectly, in water management. In the context of the recovery of water service costs, as referred to in Article 9 of the Water Framework Directive 2000/60/EC (WFD), legislation applicable in all member countries of the European Union, the total water cost is broken down into three blocks; financial, environmental, and resource. It is the last component that generates the most uncertainty both in its conceptualization and in its valuation. The need to establish a pricing system for water (water tariff) implies that the different concepts that make it up are correctly delimited. The main goal of this paper is to propose a first approximation to a new theoretical framework to establish a relationship between environmental sustainability and the valuation of the resource cost—given that current water consumption can provoke future water availability difficulties, making it a scarce commodity that resource cost must be correctly delimited. Taking into account the prospective nature of environmental sustainability, the measure of its value should be based on the use of stochastic models that reflect the associated uncertainty. View Full-Text
Keywords: stochastic simulation; resource cost; water reserve process; water deficit probability; water scarcity; accounting provision stochastic simulation; resource cost; water reserve process; water deficit probability; water scarcity; accounting provision
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MDPI and ACS Style

Sanabria, S.; Torres, J. Water Price: Environment Sustainability and Resource Cost. Water 2020, 12, 3176. https://doi.org/10.3390/w12113176

AMA Style

Sanabria S, Torres J. Water Price: Environment Sustainability and Resource Cost. Water. 2020; 12(11):3176. https://doi.org/10.3390/w12113176

Chicago/Turabian Style

Sanabria, Sonia; Torres, Joaquín. 2020. "Water Price: Environment Sustainability and Resource Cost" Water 12, no. 11: 3176. https://doi.org/10.3390/w12113176

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