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New valuation estimates lagoon ecosystem services at about $10 billion annually, with recreation largest component
Summary
Courtney Cortez, senior economist with the Balmoral Group, presented a multi‑phase economic valuation that places annual ecosystem‑service values for the Indian River Lagoon at roughly $10 billion.
Courtney Cortez, senior economist with the Balmoral Group, presented a multi‑phase economic valuation and benefit‑cost analysis of the Indian River Lagoon at the council’s Nov. 7 meeting.
Cortez and her team used InVEST ecosystem‑service models and hedonic property valuation to estimate services including coastal protection, water filtration, habitat and recreational values. Their central results: annualized ecosystem‑service values on the order of $10 billion, with recreation (fishing, boating,…
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