24 Jun ENVIRONMENTAL AND ECONOMIC SERVICES OF GROUND WATER
A full range of both environmental and economic services of ground water, need to be recognized for in policy decisions. Inability to recognize these essential services lower the value of ground water when developing policies. Ground water has its role in ecosystem and hydrologic function, when these functions is understood better and improve mechanism to develop financial scheme will fully recognize the roles of environmental ground water.
A basic issue that arises when evaluating the economic of groundwater is defining changes that are likely to interfere with the resource condition, and analyzing ways to battle those changes. Defining whether those changes can diminish the quality and quantity of the resource is also a major key point. Protecting ground water needs defining the expected condition of the resource. The difference between reference and expected condition must also be evaluated.
The economic value of groundwater is spatially dependent, the mechanisms employed to accomplish that change must be considered whether it can offer certainty with the resource condition. It’s important to comprehend the relationship between the physical change in the environmental ground water and the provision changes of services from which its value is derived.
Groundwater is a vital resource for many people, in many regional and rural areas it’s the major source of water. The importance of ground water is ever increasing given the climatic change that is widely experienced worldwide. In countries like Australia, ground water accounts for above 25 % of total water use which is a very significant figure.
Groundwater is a natural resource with significances to both social and economic value. For many years it has seen as a readily available source of water for agricultural, domestic and industrial use. In many regions, the excessive extraction of the commodity has resulted to depletion of the resources and decline of the water table. Moreover, the surface and subsurface pollution has resulted to decline of the water quality.
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