New Release of Interim Volumetric Water Benefit Accounting 2.0 Guidance on Updated VWB Calculation Methods
LimnoTech and partners (Bluerisk, Bonneville Environmental Foundation, and World Resources Institute) have released interim updated guidance for implementing and valuing water stewardship activities as part of the Volumetric Water Benefit Accounting (VWBA) 2.0 Guidance.
This release is for “Installment 4: Guidance on Updated VWB Calculation Methods .”
By LimnoTech, Bluerisk, Bonneville Environmental Foundation, and World Resources Institute
August 14, 2024
LimnoTech and partners (Bluerisk, Bonneville Environmental Foundation, and World Resources Institute) have released the fourth installment (Installment 4) of the interim updated guidance for implementing and valuing water stewardship activities as part of the Volumetric Water Benefit Accounting (VWBA) 2.0 Guidance.
You can download the fourth installment of the interim guidance here: White Paper – VWBA 2.0 Installment 4
Installment 4, “Guidance on Updated VWB Calculation Methods,” introduces new and revised VWB indicators and methods, outlines principles to inform and guide partners when calculating VWBs, and provides guidance for identifying appropriate VWB indicators and methods.
The interim VWBA 2.0 guidance is being released in four installments from 2023 to 2024. Each installment covers a specific topic and provides guidance derived from experiences and insights gleaned from implementing water stewardship strategies, programs, projects, and activities. These installments are draft interim products and will be consolidated in a formal update to VWBA as VWBA 2.0.
The four installments cover the following topics:
- Installment 1: Project Eligibility Criteria and Selection Considerations
- Installment 2: Principles for Making Credible VWB Claims
- Installment 3: Principles for VWB tracking and reporting
- Installment 4: Updated VWB calculation methods
The “New Release of Interim Volumetric Water Benefit Accounting 2.0 Guidance” (November 13, 2023) article provides more background and information on the VWBA 2.0 interim guidance goals and objectives and update process.
You can also view and download the first, second, and third installments of the interim guidance here:
This voluntary guidance is intended to assist companies in making substantiated water stewardship claims backed by science to reduce environmental impacts and promote sustainable practices and outcomes.
The Project Team welcomes water stewardship practitioners to view, use, and share VWBA 2.0 Installments across their networks.
If you have any questions, you can reach out to Laura Weintraub at lweintraub@limno.com.
