Investing in Mangroves today for a more resilient Panama tomorrow.
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Investing in Mangroves today for a more resilient Panama tomorrow.
Nature’s Value in the Mt. Baker-Snoqualmie National Forest
The South Platte Natural Capital Assessment is a collaborative natural capital assessment involving over 50 public and private stakeholders. The goal of the partnership is to engage stakeholders in protecting and restoring the watershed's lands and waters. For this report the team catalogued existing data sources, identified the most important natural assets, mapped natural capital, and valued the ecosystem services produced throughout the watershed. A decision-support tool was produced to assist stakeholders with prioritizing future investments, whether for preservation or conservation.
This report suggests that the Watershed provides extensive value, approximately $7.4 billion per year in ecosystem services, to the economy and residents.
Understanding the value of the goods and services that nature provides is a critical first step when making decisions regarding natural resource management. Nature’s goods include fish, timber, drinking water and agricultural products, while services include food protection, drinking-water filtration, local weather and climate stability, beauty, and recreation. These are just a few examples of the natural goods and services which our communities rely on.
This report values some of the ecosystem goods and services provided by the Lower Skykomish Reach and the Braided Reach, including their associated sub-basins, in the Snohomish Watershed in Western Washington State. Our analysis reveals that the combined ecosystems of the Lower Skykomish and Braided Reach provide between $888 million and $1.6 billion in economic value every year. In present terms, the Lower Skykomish Reach and the Braided Reach are valued between $89 billion and $166 billion when considering a 100-year timeframe.
Resilient communities and economic sustainability rely on healthy ecosystems. Ecosystem Services Valuation (ESV) is key to advancing the Sustainable Lands Strategy (SLS) goals of safeguarding the agricultural sector, restoring and protecting salmon habitat, and reducing flood damage. When nature is included in the financial bottom line, it becomes harder to ignore costly impacts development decisions have on our ecosystems, and economy.
Suggested Citation: Van Deren, M., Armistead, C., Casey, P., Flores, L. 2017. Nature’s Value in the Skykomish Watershed: An Ecosystem Services Valuation of the Lower Skykomish and Braided Reach. Earth Economics. Tacoma, WA.
Prepared for Snohomish County and Snohomish County Sustainable Lands Strategy Executive Committee.
The Columbia River Basin is an abundant watershed, supporting immense forests, the largest salmon runs in the world, and diverse and abundant wildlife. These natural resources benefit our region with sustainable food, jobs, recreation, clean water, and a healthier environment, among many others. Yet, these natural resources have been seriously degraded by dams and other developments in the basin. When assets, whether built or natural, are not managed sustainably, economic loss occurs.
The Value of Natural Capital in the Columbia River Basin report shows the immense economic value of the Columbia River Basin’s natural assets and provides clear evidence of the increased value that can be gained by addressing ecosystem-based function in the Columbia River Basin river management.
The Santa Clara Valley Open Space Authority (OSA) requested this comprehensive cost analysis of the September 2016 Loma Fire in Santa Clara County to better understand the challenge and to begin a discussion about changes in policy and stewardship that would reduce the scale and cost of future wildfire events.
The abundant natural capital of the watershed of San Juan Bay Estuary is a critical part of the regional ecosystem and economy. The wetlands and mangroves of the coastline around the city of San Juan support rich biodiversity, erosion control, and moderate flood events. This first-ever Ecosystem Services Valuation of the watershed finds that its natural capital contributes $14 million to $61 million in ecosystem service benefits each year, around 33 percent of which are provided within San Juan’s municipal jurisdiction. Over a 100 year period at a three percent discount rate, this amounts to an annual asset value of between $447 million and $1.9 billion. With stewardship to maintain the health and function of that natural capital, this annual economic contribution can continue in perpetuity.
This handbook explores and explains the relationship between human economies and natural systems, and it provides an understanding of the historic disconnect between the environment and the economy. It introduces new tools and principles that recognize the economic importance of our planet's natural systems and provides mechanisms to foster the changes needed to preserve our planet's precious natural resources.
This study presents an economic assessment of the impacts and benefits of implementing a national marine sanctuary around St. George Island, Alaska. Both market and non-market impacts were assessed using the benefit transfer method and data on local markets. This study finds that implementing a national marine sanctuary around St. George Island may have substantial benefits, including: at least four full-time jobs, $200,000 in annual government spending to support a sanctuary office, $140,000 to $1 million in expenditures due to research grants, $55,000 to $240,000 in annual recreation expenditures, $22,000 to $44,000 in estimated subsistence harvest annually, and $2.8 billion to $3.3 billion in annual non-market ecosystem service benefits.
El Paso’s abundant natural capital is a critical part of the regional ecosystem and the economy. The shrublands surrounding the Franklin Mountains support rich biodiversity, capture water for the Hueco Bolson aquifer, and provide many other benefits directly to local residents, including increased property values and improved health via recreation. This first-ever ecosystem services valuation of El Paso’s natural capital finds that El Paso’s shrubland contributes $3.4 million to $6.7 million in ecosystem service benefits each year. When viewed as a natural capital asset that provides a flow of benefits over time, El Paso’s natural capital has an asset value between $107 million and $211 million over a 100-year lifespan and at a three percent discount rate. With sufficient stewardship to maintain the health and function of El Paso’s natural capital, this economic contribution will continue in perpetuity.