Valuing the Environmental Benefits of Urban Water Conservation Final Report presents a method for valuing the environmental benefits of water conservation and efficiency. Water savings of a particular water conservation strategy are represented by the reduction in water demand, as well as the resulting co-benefits, including enhanced fish habitats, increased recreational opportunities, and improved water quality as a result of wetland filtration. The report provides a methodology for monetizing these environmental benefits so as to provide utilities with a method for comparing the benefits and costs of various best management practices.