Bay Cleanup The news is usually bad: Chesapeake Bay gets D+ in new report card Wall Street Journal April 17, 2012
The Bay restoration Not all bad news Both nitrogen and phosphorus intensity down over two decades
Why worry about benefits? • Expensive—more than $500 million/year • Deteriorating fiscal situation for all levels of government • Benefits and costs determine whether attainment achieved.
Main sources of benefits • Recreation • Fishing/crabbing • Boating • Swimming • Aesthetics • Net values from commercial harvesting • Non-use values
Where are the benefits from improvements in water quality? • Recreation?? • Aesthetics?? • Net values from commercial harvesting?? • Research suggests modest gains • Non-use values? Possibly