This book deals with the economic modelling of water at the global, national and sub-national levels. It presents a multi-faceted analysis and, while it outlines the theories behind various models, its main purpose is to analyse policy issues and present insights arising from modelling, including a chapter analysing the macroeconomic implications of climate change. Arguably the most compelling reason for publishing a book on the economic modelling of water arises from the fact that agriculture accounts for approximately 70% of water used for economic purposes, while only contributing 4% of global income. Given that water is an essential commodity, this discrepancy may in part be symptomatic of an undervaluation of water due to immature and incomplete markets. In turn, this undervaluation has led to an ongoing misallocation of water. When economic models include water accounts that feed into production functions, they model impacts on the marginal product of water. Policies that improve the link between the marginal product and price of water will improve water allocation, while advanced economic models such as those presented here can enhance our ability to explore the possible impacts of improved policy.

The world faces escalating challenges in sustainable development, corporate social responsibility, and green finance, compounded by the complexities of accounting and modern economics. These challenges demand urgent solutions that recognize their gravity and offer tangible, actionable strategies. Traditional approaches need to be revised in the face of these multifaceted issues, requiring a fresh perspective and innovative solutions to navigate the complexities of today's global economies. Impact of Renewable Energy on Corporate Finance and Economics provides a comprehensive and timely solution to these pressing challenges. Through a meticulous examination of real-world case studies and proven strategies, this book offers a roadmap for stakeholders to address these issues effectively. It explores sustainable finance mechanisms, collaborative stakeholder efforts, and visionary project objectives that have successfully overcome these obstacles. By delving into topics such as the renewable revolution, sustainable infrastructure transformations, and climate finance, the book equips readers with the knowledge and tools to confidently navigate the sustainable development landscape.

This contributed volume offers a state-of-the-art, holistic overview of the employment of a Water-Energy-Food (WEF) Nexus approach to implement the seventeen United Nations Sustainable Development Goals (SDGs), with a geographical focus on applications in different African regions. The book is divided into three sections, each composed of several chapters contributed by experts in their respective fields. Section I introduces the WEF Nexus and its role in the achievement of the 2030 Agenda and the SDGs. It highlights the attempt to connect different spheres of sustainability thanks to the Nexus, taking advantage of the existing interlinkages and interconnections among the Goals. Section II proposes a multi-scale and multi-stakeholder approach to various aspects of the Nexus and reviews existing quantitative tools. This section focuses on the issue of resource control and development aims and spotlights how Nexus dynamics influence the achievement of the SDGs as a whole. Section III applies the WEF Nexus to different African regions, which are balancing a rising population and an economic boom with severe vulnerability in the face of climate change. Chapter “Review of the Economic Impact of Water Availability on Food Security and the Related Ecosystems” is available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.

This book deals with the economic modelling of water at the global, national and sub-national levels. It presents a multi-faceted analysis and, while it outlines the theories behind various models, its main purpose is to analyse policy issues and present insights arising from modelling, including a chapter analysing the macroeconomic implications of climate change. Arguably the most compelling reason for publishing a book on the economic modelling of water arises from the fact that agriculture accounts for approximately 70% of water used for economic purposes, while only contributing 4% of global income. Given that water is an essential commodity, this discrepancy may in part be symptomatic of an undervaluation of water due to immature and incomplete markets. In turn, this undervaluation has led to an ongoing misallocation of water. When economic models include water accounts that feed into production functions, they model impacts on the marginal product of water. Policies that improve the link between the marginal product and price of water will improve water allocation, while advanced economic models such as those presented here can enhance our ability to explore the possible impacts of improved policy.

This timely Handbook draws together insightful analyses of natural resource management challenges and solutions in the face of sustainable development targets and a changing global climate.

Water is a finite and non-substitutable resource. As the foundation of life, societies and economies, it carries multiple values and benefits. But unlike most other natural resources, it has proven extremely difficult to determine its true 'value'. The 2021 edition of the United Nations World Water Development Report, titled "Valuing Water" assesses the current status of and challenges to the valuation of water across different sectors and perspectives and identifies ways in which valuation can be promoted as a tool to help improve its management and achieve global sustainable development.

Water exploitation has increased notably in the world during the last 250 years since the onset of industrialisation. The relationships between economic processes and water use are complex and include many interwoven drivers such as: technological development, dietary choices and food production, climate change, demographic change, and policy reforms, among others. Ensuring food, water, and energy for the growing population remains a common global challenge. Taking on a multi- and inter-disciplinary viewpoint, Water Resources and Economic Processes offers an up-to-date collection of contributions from leading scholars and works to gather research on important aspects of relevant fields and methodologies, including: Historical and long-term overview of the relations between income growth, water use, and technological development; Water markets and collaborative actions’ promise and threats in the fight against water stress; Impact of climate change on water productivity, including inter- and intra-annual variations; Urban reforms and surveys on the attitude of citizens towards private and public mitigation and preservation measures; Regional, national, and global comparative case-studies; International trade, migration, conf licts, and the globalisation of water; Methodological and empirical challenges of building future scenarios. This book is a key reference text for those studying water governance and management. It is suited to PhD students, national institutions, and NGO, as well as other professionals interested in understanding sustainable water use at the local, national, and international scales.

The purpose of this book is to present an overview of the latest research, policy, practitioner, academic and international thinking on water security—an issue that, like water governance a few years ago, has developed much policy awareness and momentum with a wide range of stakeholders. As a concept it is open to multiple interpretations, and the authors here set out the various approaches to the topic from different perspectives. Key themes addressed include: Water security as a foreign policy issue The interconnected variables of water, food, and human security Dimensions other than military and international relations concerns around water security Water security theory and methods, tools and audits. The book is loosely based on a masters level degree plus a short professional course on water security both given at the University of East Anglia, delivered by international authorities on their subjects. It should serve as an introductory textbook as well as be of value to professionals, NGOs, and policy-makers.

The Ethiopian economy relies predominantly on rainfed agriculture for income generation, export earnings, and rural livelihoods. However, the frequency and intensity of extreme ago-climatic events projected by climate scenarios suggest considerable and growing risks from climate change to the country’s agri-food systems and the overall economy. This study assesses the economic impacts of recurrent climate shocks on the Ethiopian economy to 2040. The results indicate that recurrent climate shocks will lead to a reduction in Ethiopia's cumulative GDP from 2020 to 2040 compared to a “no climate change” baseline. Specifically, extreme weather events could cumulatively cost Ethiopia up to 17 percent (or US$ 534.3 billion) in GDP between 2020 and 2040 compared to a no-climate change baseline. The weight of the economic loss is concentrated in the agricultural production sector, with rural households and poorer households in urban areas being worst affected. Strategic investments in irrigation infrastructure and in hydroelectricity generation are found to be effective in mitigating some of the damage caused by recurrent climate variability.