WATER GOVERNANCE AND BIO-ACCOUNTING
Water governance and bio-accounting

Author(s): Ciro Alfonso Serna Mendoza, Eutimio Mejía Soto
Subject(s): Geography, Regional studies
Published by: Wydawnictwa Uniwersytetu Warszawskiego
Keywords: water; bio-accounting; governance; nature
Summary/Abstract: Contrary to what the conventional economy says, natural resources are not scarce, they are sufficient, but they require adequate governance. The problem of depletion and degradation of natural resources, and especially of water resources, is the result of the insufficiency or absence of an integrated management focused on the active preservation of resources and ecosystems; in conclusion, water problems are a matter of water governance. Sustainable environmental management requires transparent, holistic and integrated organizational information systems that contribute to the correct representation of reality and good decision-making. In this sense, bio-accounting is mainly a complement to achieve the sustainable purposes of governance, which require accounting information that leads to the presentation of qualitative and quantitative non-monetary information of natural wealth (including water), as a mechanism for evaluating the organizational management and implementation of corrective actions and continuous improvement. This proposal establishes the relevance and importance, which a system of socially committed environmental accounting represents for water governance.

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