The peer-reviewed report, produced by economist Spencer Phillips and CBF Senior Scientist Dr. Beth McGee, compares the value of those benefits in 2009, the year before the Chesapeake Clean Water Blueprint began being implemented, to the benefits that can be expected as a result of fully implementing the Blueprint.
The Value of The Chesapeake Clean Water Blueprint
The Natural Benefits of The Chesapeake
In 2009 (before the Blueprint) the lands and waters of the Chesapeake Bay Region provided economic benefits totaling $107.2 billion annually.
These benefits include air and water filtering, agricultural and seafood production, enhancement of property values, and protection from floods and hurricanes.
Fully implementing the Blueprint is a big job. It requires the commitment, time, and resources of many sectors of our society and to some extent, every individual in the watershed.
So what's the return?
According to this peer-reviewed economic report, The Economic Benefits of the Chesapeake Clean Water Blueprint, it will be tremendous.
The value of these same benefits will increase by $22.5 billion for a total of $129.7 billion annually if the Blueprint is implemented. Once fully realized, those benefits would accrue year after year.
If the Blueprint is not fully implemented pollution loads will increase and the value of the natural benefits will decline by $5.6 billion, bringing the total down to $101.5 billion annually.