Economists measure value of Puget Sound
By World News Services, Wenatchee World Online
July 26, 2008 (Seattle) – Is it possible to put a price tag on the economic value of the Puget Sound, including the mountains, forests and wetlands surrounding it? A group of economists have come up with a range: at least $7 billion to $62 billion a year.
In a report issued this week by Earth Economics, a Seattle-based nonprofit, the authors used computerized maps to calculate how many acres of different kinds of land surround the sound, then used existing studies to put price tags on things such as the flood-controlling benefits of an acre of wetland. The study puts an estimate on all the "natural capital" — both goods and services — of the region.
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