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Development of an integrated methodology for the sustainableenvironmental and socio-economic management of river ecosystems


  • Koundouri, Phoebe
  • Rault, P. Ker
  • Pergamalis, V.
  • Skianis, V.
  • Souliotis, I.


The development of theWater Framework Directive aimed to establish an integrated framework of water management at European level. This framework revolves around inland surface waters, transitional waters, coastal waters and groundwaters. In the process of achieving the environment and ecological objectives set fromthe Directive, the role of economics is put in the core of thewatermanagement. An important feature of the Directive is the recovery of total economic cost of water services by all users. The total cost of water services can be disaggregated into environmental, financial and resource costs. Another important aspect of the directive is the identification of major drivers and pressures in each River Basin District.We describe a methodology that is aiming to achieve sustainable and environmental and socioeconomic management of freshwater ecosystem services. The EcosystemServices Approach is in the core of the suggested methodology for the implementation of a more sustainable and efficientwater management. This approach consists of the following three steps: (i) socio-economic characterization of the River Basin area, (ii) assessment of the current recovery of water use cost, and (iii) identification and suggestion of appropriate programs of measures for sustainablewatermanagement over space and time. Thismethodology is consistent with a) the economic principles adopted explicitly by theWater Framework Directive (WFD), b) the three-step WFD implementation approach adopted in the WATECO document, c) the Ecosystem Services Approach to valuing freshwater goods and services to humans. Furthermore, we analyze how the effects ofmultiple stressors and socio-economic development can be quantified in the context of freshwater resources management.We also attempt to estimate the value of four ecosystemservices using the benefit transfer approach for the Anglian River Basin, which showed the significance of such services.

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  • Koundouri, Phoebe & Rault, P. Ker & Pergamalis, V. & Skianis, V. & Souliotis, I., 2015. "Development of an integrated methodology for the sustainableenvironmental and socio-economic management of river ecosystems," LSE Research Online Documents on Economics 64458, London School of Economics and Political Science, LSE Library.
  • Handle: RePEc:ehl:lserod:64458

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    References listed on IDEAS

    1. Christian Gollier & Phoebe Koundouri & Theologos Pantelidis, 2008. "Declining discount rates: Economic justifications and implications for long-run policy [‘Regime switches in interest rates’]," Economic Policy, CEPR;CES;MSH, vol. 23(56), pages 758-795.
    2. de Groot, Rudolf S. & Wilson, Matthew A. & Boumans, Roelof M. J., 2002. "A typology for the classification, description and valuation of ecosystem functions, goods and services," Ecological Economics, Elsevier, vol. 41(3), pages 393-408, June.
    3. Phoebe Koundouri, 2004. "Current Issues in the Economics of Groundwater Resource Management," Journal of Economic Surveys, Wiley Blackwell, vol. 18(5), pages 703-740, December.
    4. Russell, Clifford S., 2001. "Applying Economics to the Environment," OUP Catalogue, Oxford University Press, number 9780195126846.
    5. Phoebe Koundouri & Kyriaki Remoundou & Yiannis Kountouris, 2010. "A Note on the Implementation of the Economics of the EU Water Framework Directive under Data Limitations: A rapid appraisal approach," DEOS Working Papers 1008, Athens University of Economics and Business.
    6. Phoebe Koundouri & Osiel Gonzalez Davila, 2013. "The Use of Ecosystem Services Approach in Guiding Water Valuation and Management: Inland and Coastal Waters," DEOS Working Papers 1334, Athens University of Economics and Business.
    7. Guy Garrod & Kenneth G. Willis, 1999. "Economic Valuation of the Environment," Books, Edward Elgar Publishing, number 1368.
    8. Ian J. Bateman & Richard T. Carson & Brett Day & Michael Hanemann & Nick Hanley & Tannis Hett & Michael Jones-Lee & Graham Loomes, 2002. "Economic Valuation with Stated Preference Techniques," Books, Edward Elgar Publishing, number 2639.
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    3. Ni, Jingneng & Xu, Jiuping & Zhang, Mengxiang, 2018. "Constructed wetland modelling for watershed ecosystem protection under a certain economic load: A case study at the Chaohu Lake watershed, China," Ecological Modelling, Elsevier, vol. 368(C), pages 180-190.
    4. Ioannis Souliotis & Nikolaos Voulvoulis, 2021. "Natural Capital Accounting Informing Water Management Policies in Europe," Sustainability, MDPI, vol. 13(20), pages 1-24, October.

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    More about this item


    sustainable river management; total economic value; ecosystem services approach; integrated methodology; WFD; value transfer method;
    All these keywords.

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics

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