Valuation of Water Alternative Use: Food or Energy Production

Abstract

Water is a multi-purpose resource, and almost all of these purposes are of essential importance for our contemporary society. The most important water use nowadays is in food and energy production, and these two uses are essential for the development of civilization. The products of the food and energy industries are valued on the market. In the case of sufficiency of both food and energy supplies, it is possible to evaluate alternative uses of water by a combination of the economic models utilized in the food and energy industries. This paper aims to investigate the alternative use of water in plant and energy production by modeling the relation between them. The additional investigation is based on including a consideration of land as consolidated and non-consolidated area.

Keywords

• water
• energy
• alternative use of water
• land consolidation