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Description: Defining nature’s worth?The Return on Environment (ROE) concept recognizes nature as a complex, interconnected system vital to all life. Whether in urban or rural settings, the support provided by natural systems is substantial and tangible. Services from these systems contribute millions of dollars annually in recreational income and savings for governments, businesses, and individuals. The advantages of nature affect our quality of life, health, living costs, sense of community, and economic stability. These benefits are consistently delivered around the clock, throughout the year. Once depleted, the cost to restore these benefits is high and the process challenging. To prioritize health, safety, and social well-being, and to preserve public natural resources, it is crucial that our policies identify and utilize clear, tangible economic values for decision-making.Mother Nature doesn't write receipts. As a result, nature is often taken for granted, undervalued, or overlooked in policy debates, investment decisions and personal choices. When nature is undervalued, forest fragmentation, stormwater, flooding, water and air pollution and loss of habitat may result in choices that damage the sustainability of natural systems and the economy. Return on Environment (ROE) studies explain nature’s invisible financial value in terms everyone can understand. Putting a dollar value on nature is a new way to help policymakers, businesses, investors, and residents realize the financial value of natural system services in all resource-related decisions. This allows nature to be seen as a portfolio of financial assets rather than a commodity or unnecessary expense. The major objective of Return on Environment (ROE) studies is tomake enhancing nature and expanding the local economy a central goal among policy makers, businesses, and residents. This approach can help improve environmental quality and ensure a sustainable economy.ROE VALUATION BENEFITS// Nature’s complex system is conveyed in a simple bottom line that is understandable to a broad audience.// Dollars, as a financial measure, underscore nature’s connection to quality of life, health, cost of living, economy, and sense of place, while conveying a level of significance or priority that allows for a better trade-off analysis.// Monetary estimates of the value of natural system services can be applied within decision frameworks related to land use, tourism, and economic development.// Discussion of natural system cover types, services, and their values engages stakeholders in an educational process that can help organizations in their missions and raise awareness with policymakers and citizens.// Environmental health can be measured and incorporated into local decision-making processes.// Economic valuation of natural system services and biological diversity can make the value of protecting them explicit to policymakers, investors, and homeowners.// New business opportunities can be identified

Copyright Text: Manada Conservancy with assistance provided by Audubon Mid-Atlantic through a grant from the Community Conservation Partnerships Program, Environmental Stewardship Fund, under the administration of the PA Department of Conservation and Natural Resources, Bureau of Recreation and Conservation.

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Fields:

• OBJECTID ( type: esriFieldTypeOID, alias: OBJECTID )
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• ROE_Per_AC ( type: esriFieldTypeDouble, alias: ROE_Per_AC )

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