The theme of this year’s World Water Day on March 22 is ‘Valuing Water’. Water has an intrinsic value – we need it to survive, as do all other organisms in the biosphere. We can call this its survival value. But water is also ubiquitous, with value to all of the socio-economic systems comprising human society. In other words, its total value is much more than its monetary cost.

And herein lies a fundamental challenge: through systems of water capture, storage, movement and use we have developed different management tools to unlock a huge range of values from climate and food security, to health, and environmental protection. But with management ‘power’ comes governance responsibility.

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