Evaluating water quality -- is it important, how can it be determined and how can it be used?

Abstract:

Freshwater is critical to sustaining all life on Earth yet most humans take this resource for granted and often consider it a free good. However, in water-poor areas, the availability of clean drinking water limits economic development, negatively impacts human health and causes significant social instability. This was a driver for the Millennium Development Goals to include providing clean water to the developing world. Unlike other resources, another commodity cannot be substituted for water. In mineral resources, substitution is common depending on the use, for example, aluminum for steel in automotive bodies. In energy, humans can, in some instances, use natural gas instead of coal for electricity generation. Given the critical nature of freshwater for human existence, it is important that the resource be evaluated in economic terms. Although efforts to assess the value of the availability of freshwater have been developed, they are not commonly used. Water quality is also a major economic factor in availability of water resources. Quality can be prohibitively expensive to bring to acceptable standards and can easily be contaminated by human activities. Determining an economic and social value on both the availability and quality of water resources is a challenge that the hydrologic community must address at local, regional and national and even global scales to support informed policy and decision-making.