Economic Value of Water in the Green River Basin Ernie Niemi,ECONorthwest Watts and Associates Rio Verde Engineering Jeff Fassett Consulting.

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Presentation transcript:

Economic Value of Water in the Green River Basin Ernie Niemi,ECONorthwest Watts and Associates Rio Verde Engineering Jeff Fassett Consulting

Major Elements 1.Values of water in Wyoming 2.Independent, broad perspective a.Not linked to projects or policies b.All water-related goods and services c.All relevant literature and data d.Dispersed case studies 3.Products: final report and participation in symposium

Ecosystems & Economic Values

Ecosystem Functions … 1Production and regulation of water. 2Formation & retention of soil. 3Regulation of atmosphere & climate. 4Regulation of disturbances. 5Regulation of nutrients and pollution. 6Provision of habitat. 7Production of food. 8Production of raw materials.

… Ecosystem Functions 9Pollination. 10Biological control. 11Production of genetic & medicinal resources. 12Production of ornamental resources. 13Production of aesthetic resources. 14Production of recreational resources. 15Production of spiritual, cultural resources. 16Production of scientific, educational resources.

Analysis of Values Direct Use Native hay meadow & crop irrigation Hydropower Industrial processes Domestic & urban water Recreation Tourism Science & education Indirect Use Groundwater recharge Return flows Fish & wildlife habitat Sustenance of riparian areas & wetlands Aesthetics Flood control Bank stabilization Nonuse Cultural heritage Quality of life Resources for future generations Existence of species Existence of wild places

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