Understanding the often-overlooked economic value of natural resources is crucial in informing land use and conservation decisions. Return on Environment (ROE) evaluations convey the value of nature in economic terms, highlighting the important benefits natural areas provide and costs if lost. Benefits range from providing habitat, purifying air, filtering water or absorbing runoff, thereby reducing associated costs. Moreover, natural areas and open space contribute significantly to the local economy through avenues such as outdoor recreation revenue, healthcare savings, and property value premiums. This information not only delineates the resources at stake and the benefits they confer but also outlines the challenges and opportunities in conservation efforts. Translating the value of nature into economic terms, provides insights into the full costs and benefits associated with conservation efforts. Ultimately, a comprehensive understanding of nature’s economic worth helps ensure the resources can be addressed through informed decision-making, ensuring the sustainable management and preservation of our natural heritage.
The Return on Environment video describes the significance of nature and why maintaining the benefits it provides is essential to maintaining the quality of life and a vibrant economy to Berks County.
