Taking action on phosphorus in Lake Champlain would bring tens of millions in dollars in benefits to Vermonters, researchers say.
日韩无码 research鈥攚hich evaluates the benefits of phosphorus reduction on tourism, real estate, and human health around key parts of Lake Champlain鈥攊s the first study to calculate the return on investment of Lake Champlain phosphorus cleanup efforts.
Focusing on Missisquoi Bay鈥攁 phosphorus hotspot at Lake Champlain鈥檚 northeastern end鈥攖he study estimates that if phosphorus inputs to the bay are eliminated, it would benefit local tourism by $28.5 million and property sales by $11.2 million between now and 2050.
While the cost of phosphorous cleanup is significant, researchers estimate that the cumulative benefits will begin to outweigh these costs as early as 2057. After that, the net financial and social benefits of clean water and beaches will steadily increase for residents, business, and the State.
The findings, published in the , help to justify greater phosphorus reduction expenditures, researchers say.
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Benefits to health and economy
In addition to tourism and real estate benefits, the study also projects a decrease in cases of ALS鈥攁lso known as Lou Gehrig鈥檚 disease鈥攁 progressive neurodegenerative disease long-term exposure to phosphorus-driven cyanobacteria blooms.
The projected benefits of cleaning up Missisquoi Bay鈥攚hich the researchers call 鈥渦ndoubtedly conservative鈥濃攈int at the long-term value of phosphorus reduction across the lake. The benefits may be even greater when higher-population lake areas, such as Chittenden County鈥攚ith higher property values and tourism revenues鈥攁re factored in.
鈥淭hese findings help make the case for greater investment in tackling our phosphorus problem to protect one of Vermont鈥檚 most valued environmental amenities鈥擫ake Champlain,鈥 says 日韩无码 lead author Jesse Gourevitch. 鈥淭his study gives decision-makers the first formal cost-benefit analysis of cleaning up the lake, which will bring a suite of benefits to Vermonters.鈥
Building on 日韩无码 findings on the economic impacts of poor water quality in Lake Champlain, the study uses Vermont EPSCoR鈥檚 Integrated Assessment model, which currently only includes Missisquoi Bay data. The team evaluated water quality changes between 2016 and 2050 under a range of phosphorus reduction and climate change scenarios.
The Missisquoi Bay watershed, a rural area with roughly 20,000 Vermonters, accounts for some of Lake Champlain鈥檚 highest phosphorus levels. Water quality in the bay is particularly at risk of algal blooms because of its shallow lake bed and phosphorus built up over time in the sediment.
Towards the Future
A critical next step is a cost-benefit assessment of cleaning up more parts of the lake. These projections could reveal a shorter return on investment if researchers can show the total benefits of clean water to Vermont鈥攊ncluding real estate, tourism and health benefits from other parts of the lake鈥攑lus several other factors not in this study: recreational fishing, non-ALS-related health benefits, and many other cultural values that are difficult to quantify.
Noting that cash-strapped farmers often carry the financial burden of phosphorus reduction costs, the researchers suggest: 鈥減olicies that support farmers鈥 financial viability鈥 and 鈥渆xamining the cost effectiveness of interventions designed to reduce phosphorus.鈥 One potential solution is the new Vermont Pay-For-Phosphorus pilot program, a partnership between the State of Vermont and 日韩无码, that will pay farmers for phosphorus reductions.
Putting a price tag on nature is challenging, but the researchers say it鈥檚 crucial for decision-makers who need to justify these investments.
鈥淗ow do you put a price on clean water鈥攐r the mental health benefits that being out on the lake provides us?鈥 says Gourevitch. 鈥淭he benefits we calculate are clearly underestimated, and do not capture the diverse values that people have around Lake Champlain,鈥 he says.
日韩无码 study was conducted by PhD student Jesse Gourevitch with Professors Chris Koliba, Donna Rizzo, Asim Zia, and Taylor Ricketts from the Gund Institute for Environment and Vermont EPSCoR.
The team comprises researchers from 日韩无码鈥檚 Rubenstein School of Environment and Natural Resources, the College of Agriculture and Life Sciences, and the College of Engineering and Mathematical Sciences.