The South Platte River Watershed provides extensive value, approximately $7.4 billion per year in ecosystem services, to the economy and people of the watershed.
The Economic Benefits and Costs of Snow in the Upper Colorado Basin, points to some surprising ways that snow and snowpack benefit both the regional and national economy.
Earth Economics worked with the Thurston Regional Planning Council to conduct a holistic benefit-cost analysis (BCA) for two climate adaptation actions identified in the Thurston Climate Adaptation Plan, going beyond traditional economic measures (e.g. capital costs, acquisition costs) to take nature’s services into accounting.
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.
Accurate accounting is essential for sound decision-making by the public, policymakers, and investors. High-quality accounting standards are also essential to the efficient functioning of our capital markets. Currently, accounting standards do not address natural assets such as watersheds, aquifers, or other green infrastructure, even though these can often be among an agency’s most important assets. Earth Economics prepared this report for the Governmental Accounting Standards Board (GASB) and their Advisory Council (GASAC), proposing a sequence of steps the GASB can take to address natural resources in accounting, ranging from clarifying existing accounting rules to developing new accounting rules.
This report explores the value of floodplains and attempts to explain how the nation's rivers and floodplains have become physically disconnected, leading to loss of floodplain functions. With federal agencies now incorporating the value of natural infrastructure into federal planning and decision-making, there are opportunities as never before to examine and change the disincentives for floodplain conservation.
The 2012 Louisiana Coastal Master Plan proposes broad-scale, comprehensive action to address Louisiana's land loss crisis, including major sediment diversions of the Mississippi River. This analysis is the first of its kind to address the socioeconomic aspects of major sediment diversions in southeast Louisiana.
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.