Shifting from volume to economic value in virtual water allocation problems: a proposed new framework and methodology

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dc.contributor.authorLowe, Benjamin H.
dc.contributor.authorOglethorpe, David R.
dc.contributor.authorChoudhary, Sonal
dc.date.accessioned2020-05-11T16:17:21Z
dc.date.available2020-05-11T16:17:21Z
dc.date.freetoread2021-04-09
dc.date.issued2020-04-08
dc.description.abstractThe water footprint provided a full methodology to operationalise the virtual water concept (the volume of water used along a supply chain to produce products and services). A key theme in the water footprint literature is the efficient allocation of water resources at the global scale given the feasibility of trading water intensive commodities from water rich to water poor areas: this is an economic problem of resource allocation between alternative and competing demands, albeit with a novel international component. Moreover, given that price signals indicating relative scarcity are usually either absent or distorted for water, it is also a problem that can be seen through the lens of environmental (or non-market) valuation. However, to date environmental valuation has not been used to inform the efficient use and allocation of water within and between the different locations encompassed by international supply chains.en_UK
dc.identifier.citationLowe BH, Oglethorpe DR, Choudhary S. (2020) Shifting from volume to economic value in virtual water allocation problems: a proposed new framework and methodology. Journal of Environmental Management, Volume 275, December 2020, Article number 110239en_UK
dc.identifier.cris26471530
dc.identifier.issn0301-4797
dc.identifier.urihttps://doi.org/10.1016/j.jenvman.2020.110239
dc.identifier.urihttp://dspace.lib.cranfield.ac.uk/handle/1826/15444
dc.language.isoenen_UK
dc.publisherElsevieren_UK
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectwater scarcityen_UK
dc.subjectWater footprinten_UK
dc.subjectvalue of wateren_UK
dc.subjectTotal Economic Valueen_UK
dc.subjectstress-weighted water footprinten_UK
dc.subjectBenefit transferen_UK
dc.titleShifting from volume to economic value in virtual water allocation problems: a proposed new framework and methodologyen_UK
dc.typeArticleen_UK

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