{"title":"Quantifying intangible benefits of water sensitive urban systems and practices: an overview of non-market valuation studies","authors":"A. Gunawardena, S. Iftekhar, James Fogarty","doi":"10.1080/13241583.2020.1746174","DOIUrl":null,"url":null,"abstract":"ABSTRACT The positive impacts of water sensitive urban investments on the environment, community well-being, and lifestyles are widely recognised, but the process of formally quantifying these intangible benefits remains an underdeveloped research area. The monetary value of intangible benefits can be estimated using non-market valuation techniques. Here, we provide a review of over 190 existing non-market valuation studies related to water sensitive urban systems and practices that have reported dollar value estimates for intangible benefits. The empirical evidence suggests that communities are willing to make financial contributions towards projects that deliver intangible benefits. As such, incorporating the intangible benefits of water sensitive urban systems and practices into project evaluation processes is important. Unfortunately, attempts to evaluate water-sensitive urban projects based on both tangible and intangible benefits are rare. The summary and synthesis of existing research in this area is presented in the hope that it will facilitate greater use of intangible benefits in project evaluations.","PeriodicalId":51870,"journal":{"name":"Australasian Journal of Water Resources","volume":null,"pages":null},"PeriodicalIF":2.4000,"publicationDate":"2020-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/13241583.2020.1746174","citationCount":"16","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Australasian Journal of Water Resources","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/13241583.2020.1746174","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"WATER RESOURCES","Score":null,"Total":0}
引用次数: 16
Abstract
ABSTRACT The positive impacts of water sensitive urban investments on the environment, community well-being, and lifestyles are widely recognised, but the process of formally quantifying these intangible benefits remains an underdeveloped research area. The monetary value of intangible benefits can be estimated using non-market valuation techniques. Here, we provide a review of over 190 existing non-market valuation studies related to water sensitive urban systems and practices that have reported dollar value estimates for intangible benefits. The empirical evidence suggests that communities are willing to make financial contributions towards projects that deliver intangible benefits. As such, incorporating the intangible benefits of water sensitive urban systems and practices into project evaluation processes is important. Unfortunately, attempts to evaluate water-sensitive urban projects based on both tangible and intangible benefits are rare. The summary and synthesis of existing research in this area is presented in the hope that it will facilitate greater use of intangible benefits in project evaluations.
期刊介绍:
The Australasian Journal of Water Resources ( AJWR) is a multi-disciplinary regional journal dedicated to scholarship, professional practice and discussion on water resources planning, management and policy. Its primary geographic focus is on Australia, New Zealand and the Pacific Islands. Papers from outside this region will also be welcomed if they contribute to an understanding of water resources issues in the region. Such contributions could be due to innovations applicable to the Australasian water community, or where clear linkages between studies in other parts of the world are linked to important issues or water planning, management, development and policy challenges in Australasia. These could include papers on global issues where Australasian impacts are clearly identified.