Accounting and valuing the ecosystem services related to water supply in the Central Highlands of Victoria, Australia

This paper examines the theoretical and practical aspects of accounting and valuing the ecosystem services of water provisioning, water filtration and water storage using the System of Environment-Economic Accounting (SEEA) and a case study from Central Highlands of Victoria Australia. It identifies: (1) the ecosystem assets providing the ecosystem services, which is both the water body (e.g. lake or artificial reservoir) and surrounding land including the vegetation cover; (2) how these ecosystem services are used as inputs to the production of "Natural Water" as defined in the Central Product Classification used in the System of National Accounts and the SEEA, and; (3) value the ecosystem services using exchange values and the replacement cost method. 

Date:
2019
Publisher:
Research Gate
Author(s):
Michael Vardon, H. Keith, David Lindenmayer
Details:
Publication
Language:
English
Topic:
Ecosystems, Natural Capital Accounting - General, Water