Ecosystem Valuation

The video discusses the economic value of natural ecosystems, emphasizing the importance of considering environmental benefits in financial assessments. It presents case studies, including Duke Forest's $14 million annual value and the role of wetlands in mitigating Hurricane Katrina's impact. The video also highlights Seattle's choice to restore wetlands as a cost-effective solution. The concept of the triple bottom line is introduced, advocating for a broader perspective on ecosystem value beyond traditional financial metrics.

What is one of the key benefits of Duke Forest that contributes to its economic value?

• It is a tourist attraction.

• It offers land for construction.

• It provides timber for sale.

• It helps in carbon sequestration.

Why did Duke University assess the value of Duke Forest?

• To demonstrate its economic value beyond traditional metrics.

• To use it for agricultural purposes.

• To sell the land for development.

• To convert it into a commercial area.

How did the destruction of wetlands contribute to the impact of Hurricane Katrina?

• It removed natural barriers against storms.

• It improved the city's infrastructure.

• It reduced the cost of land development.

• It increased the shipping capacity.

What was the alternative solution considered in Seattle for cleaning stormwater?

• Developing a new park.

• Restoring natural wetlands.

• Constructing a larger levee.

• Building a new dam.

What was the cost comparison between restoring wetlands and building a wastewater treatment plant in Seattle?

• Restoring wetlands was twice as expensive.

• Both options had the same cost.

• Building a treatment plant was half the cost.

• Restoring wetlands was half the cost.