The Columbia River Basin is a vast, abundant watershed and the foundation for communities, fish and wildlife, and economic activity. Earth Economics has just released a new report that demonstrates the immense value of the Columbia River Basin’s natural capital - $198 billion in value annually.
On April 26, 2017, President Trump signed an executive order requiring a governmental review of all national monument designations made since 1996. First up for review is Bears Ears National Monument -- over a million acres of mesas, canyons, shrublands, forests, and Native American archaeological sites in Southeastern Utah. We took a quick look at its natural capital value and found its worth to be over $1 billion in ecosystem services benefits.
In February, Earth Economics participated in the Melbourne Network Exchange, a three-day event hosted by the Rockefeller Foundation’s 100 Resilient Cities Program. Chief Resilience Officers from cities around the globe convened with Platform Partners to exchange practices and approaches for strengthening natural assets, especially urban biodiversity. As part of the partnership, we shared our approach to communicating nature's value in support of city resilience.
Agricultural lands are an essential part of our economy and quality of life, but they are increasingly pressured by population growth and accelerating urban development. Too often, farmland is divided and developed without a full understanding of the value lost. In Lancaster County, Pennsylvania, a 2015 Earth Economics study of the county's natural capital is helping guide ongoing discussions about how to manage the county’s farmlands.
A clean, abundant water supply is critical to health and well-being, but many water sources are threatened. In Eugene, Oregon, the Eugene Water and Electric Board is taking big steps to ensure future water quality with an innovative new approach to protecting riparian zones that is setting an important precedent for water utilities.