IMPROVING WATER USE THROUGH A BETTER UNDERSTANDING OF ITS TRUE COST
Water is crucial to the environment and to our quality of life. It is also a cornerstone of economic development. Blue Risks – related to increasing water scarcity – are now acknowledged as a major threat. That is why Veolia has developed a tool designed to calculate the True Cost of Water. Municipalities and companies can use this tool to incorporate water-related risks into their decision-making processes and adopt more sustainable solutions.
The True Cost of Water estimates the overall cost of water by taking into account:
- costs of managing water associated with capital and operating expenditures;
- often-unforeseen costs related to the risks involved in operations (shortage, flooding, etc.), regulations (changes) and reputation (conflict of interest, local opposition, etc.).
The True Cost of Water is part of a toolbox developed by Veolia to better assess water-related risks:
- The Growing Blue™ Tool provides an interactive map of water resources in different regions and can calculate the local water stress index;
- The Water Impact Index measures the overall impact of an activity on local water resources through a comprehensive analysis of the water cycle comprising three parts: the amount of water used, its quality and water stress.