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A system can be one of several hydrological or water domains, such as a column of soil, a drainage basin, an irrigation area or a city. The water balance is also referred to as a water budget. Developing water budgets is a fundamental activity in the science of hydrology. According to the US Geological Survey: [4]
Water accounting is a discipline that seeks to provide comprehensive, consistent and comparable policy relevant information related to water. Based on the experience of more than fifty years of national accounts, the discipline that provides the elements to calculate the Gross Domestic Product (GDP), the United Nations Statistics Division (UNSD) developed the System of Environmental and ...
A water audit (domestic/household), similar to an energy audit, is the method of quantifying all the flows of water in a system to understand its usage, reduce losses and improve water conservation. It can be performed on a large scale for a city or a state as well on a smaller scale for irrigation projects, industries, and buildings. The audit ...
Green accounting is a type of accounting that attempts to factor environmental costs into the financial results of operations. It has been argued that gross domestic product ignores the environment and therefore policymakers need a revised model that incorporates green accounting. [ 1 ]
The Green Accounting for Indian States Project (GAISP) was the first initiative of the Green Indian States Trust (GIST), an NGO started in 2004. [53] The Project used data from Indian national databases to measure sustainable development and create green accounts at the state-level that were consistent with SEEA-2003 guidelines. [53]
An example of IUWM is the Catskill/ Delaware water system that provides 1.4 billion US gallons (5,300,000 m 3) of water per day, including to all of New York City. The IUWM process included an extensive stakeholder engagement process, whereby the needs of all parties were included into the final management plan.
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The joint-project sought to develop up to 3 water source projects for Metro Manila and to improve the financial management as well as the accounting and fiscal control systems of MWSS. In 2008, studies for two water source projects were completed emphasizing environmental and social impacts amidst water quality improvements. [78]