How should we describe the optimal level of water conservation?
Our optimal level of water conservation is formally referred to as our Economic Level of Water Conservation (ELWC).
We are interested in your views on 'what is the ELWC'.
Our proposed definition is:
The Economic Level of Water Conservation is the level of water conservation achieved when the additional social benefits from water conservation activities are equal to their additional social costs, seeking to maximise net social and environmental benefits.
In other words, the benefits of water conservation projects should at least equal the costs when assessed from a 'whole of society' perspective.Could we describe the ELWC in a more meaningful way to you?
Consultation has concluded