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INTEGRATING SOCIAL BENEFIT COST ACCOUNTING INTO WATERSHED RESTORATION AND PROTECTION PROGRAMS 1
Author(s) -
McDonald Lisa A.,
Johns Grace M.
Publication year - 1999
Publication title -
jawra journal of the american water resources association
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.957
H-Index - 105
eISSN - 1752-1688
pISSN - 1093-474X
DOI - 10.1111/j.1752-1688.1999.tb03614.x
Subject(s) - watershed , watershed management , cost–benefit analysis , business , social benefits , environmental resource management , environmental planning , environmental economics , economics , computer science , quality (philosophy) , political science , environmental science , machine learning , law , philosophy , epistemology
Successful watershed management requires consideration of multiple objectives and the efficient use of scarce public and private resources. One way to address these multi‐faceted issues is through Social Benefit‐Cost Accounting (SBCA). SBCA is a systematic method of addressing complex social and economic issues relevant to proposed watershed management projects. Benefits of using this technique include: benefits and costs of watershed projects are better understood; politically sensitive issues tend to be put into perspective; and stakeholders' interests are placed on a level playing field. An example from Bogota, Colombia demonstrates how SBCA can be used to value the benefits and costs of a proposed project. By addressing the benefits and costs to all stakeholders, the design of watershed management programs can be improved to achieve goals in a cost‐effective manner.