Evaluating the Efficiency of Water Body Restoration: Evidence from the Chesapeake Bay

Date and Time
Location
312 Ag Engineering Building
The economic benefits of water body restoration often appear low, yet many public policies put a high priority on such efforts. This talk will explore reasons why low benefit-cost ratios may not be representative of the benefits derived from water quality and other ecological improvements. Using case studies from the Chesapeake Bay and elsewhere, the talk will explore sources of missing benefits, cost-effectiveness of restoration approaches, and the role of complementary policies in producing a wide variety of ecosystem service benefits. The case studies suggest areas of future research that could inform the difficult choices that governments will face in choosing restoration priorities.