It's said that you can't put a price on protecting the environment, and on the face of it, we agree. But when we're always hearing about the economic benefits of industrial activity, it would be nice to know what conservation is actually worth, in dollar terms. Now, thanks to a National Fish and Wildlife Foundation study, we do.
The analysis considered the jobs, tax revenue and other economic effects from federal state and private investment in conservation. The total tab? Nearly $40 billion, which stimulates as much as $93.2 billion in economic activity, the study found.
The report has spawned another set of economic indicators, created by a coalition of more than 1,200 conservation groups. Extrapolating the data from the NFWF research, America’s Voice for Conservation, Recreation and Preservation said that the economic impact from resource conservation, outdoor recreation and historic preservation in the United States is $1.7 trillion a year, which produces $211 billion in tax revenue and 12.8 million jobs.
(via LA Times)
Photo: Visitors enjoy the view at Yosemite National Park. (Mark Boster / Los Angeles Times)