Article published on http://www.worldbank.org.
Most people agree that water is an extremely valuable resource—for farmers who depend
on it to grow crops, for factories that need it to cool machines and spin turbines and, of course for life itself. But . The very fact that water is so important to people, economies, and the environment means that it is tough to even agree on a common way of valuing it.
No less an economic mind than Adam Smith was stumped by this challenge. As he famously observed, “Nothing is more useful than water: but it will purchase scarcely anything. A diamond, on the contrary, has scarcely any use-value; but a very great quantity of other goods may frequently be had in exchange for it.”



(PS) and non-point sources (NPS) impacting water quality of the Lake; (b) provide options for appropriate targeted infrastructure investments as pollution control management; and (c) provide recommendations for a Government-led integrated Lake Basin Management plan which will inform the monitoring and evaluation system during the implementation of the government’s Tourism Development Program in Lake Toba. The Consultant will also facilitate a stakeholder process to agree on the roadmap for the improvement and preservation of the water quality in Lake Toba.

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