Economic value analysis of the use of springs for household consumption needs

Abstract

Water is a natural resource that is very important for human survival. Not only does it provide biological benefits, but water also affects social, economic, cultural, political and national security aspects. The excessive use of water resources management that is not wise can threaten the sustainability of water sources. This study aims to estimate the economic value of the use of springs in Popalia Village, Wakatobi, Indonesia. Types of data are primary data obtained from the water user community, and secondary data obtained from the Popalia Village office. The method used is the Willingness To Pay (WTP) approach with the Contingent Valuation Method (CVM) analysis method. The results showed that the average value of Willingness To Pay (WTP) was IDR 5,969.32 per month and the total value of Willingness To Pay (WTP) is IDR 1,724,961.54 per month. The economic value of springs in Popalia Village in one year is IDR 37,584,482.28.- The government is expected to be able to apply payment for environmental services to water use and design water source management so that it can be sustainable and sustainable.