Because water in the United State has not been traded in markets, there is no meaningful estimate of what it would cost if it were traded. But failing to establish ground water's valueâ€"for in situ uses such as sustaining wetlands as well as for extractive uses such as agricultureâ€"will lead to continued overuse and degradation of the nation's aquifers. In Valuing Ground Water an interdisciplinary committee integrates the latest economic, legal, and physical knowledge about ground water and methods for valuing this resource, making it comprehensible to decision-makers involved in Superfund cleanup efforts, local wellhead protection programs, water allocation, and other water-related management issues. Using the concept of total economic value, this volume provides a framework for calculating the economic value of ground water and evaluating tradeoffs between competing uses of it. Included are seven case studies where ground-water valuation has been or could be used in decisionmaking. The committee examines trends in ground-water management, factors that contribute to its value, and issues surrounding ground-water allocation and legal rights to its use. The book discusses economic valuation of natural resources and reviews several valuation methods. Presenting conclusions, recommendations, and research priorities, Valuing Ground Water will be of interest to those concerned about ground-water issues: policymakers, regulators, economists, attorneys, researchers, resource managers, and environmental advocates.

There may be nearly 300,000 waste sites in the United States where ground water and soil are contaminated. Yet recent studies question whether existing technologies can restore contaminated ground water to drinking water standards, which is the goal for most sites and the result expected by the public. How can the nation balance public health, technological realities, and cost when addressing ground water cleanup? This new volume offers specific conclusions, outlines research needs, and recommends policies that are technologically sound while still protecting health and the environment. Authored by the top experts from industry and academia, this volume: Examines how the physical, chemical, and biological characteristics of the subsurface environment, as well as the properties of contaminants, complicate the cleanup task. Reviews the limitations of widely used conventional pump-and-treat cleanup systems, including detailed case studies. Evaluates a range of innovative cleanup technologies and the barriers to their full implementation. Presents specific recommendations for policies and practices in evaluating contamination sites, in choosing remediation technologies, and in setting appropriate cleanup goals.