Great Lakes cleanup may reap big benefits

Sep 07, 2007

A Brookings Institution study suggested that restoring the health of the U.S. Great Lakes could create $50 billion in economic benefit for the area.

The cost-benefit analysis showed efforts to improve the health of the Great Lakes -- beset by invasive species, sewage contamination toxic pollution and other threats -- would generate nearly two times the economic gains compared with such a project's cost.

"A tremendous opportunity exists to restore the lakes, reinvigorate the region's economy, and boost the competitiveness of the nation," said Robert Litan of the Kauffmann Foundation, a Brookings senior Fellow who led the study. "The report makes a compelling case for Congress to act now to restore the lakes by passing the Great Lakes Collaboration Implementation Act."

The researchers determined the Great Lakes region could gain at least $50 billion in long-term economic benefits from a restoration investment of $26 billion. That's a net gain of at least $24 billion from increases in tourism, the fishing industry, recreational activity and home values, the study said.

Copyright 2007 by United Press International

Explore further: 'Fracking' in the dark: Biological fallout of shale-gas production still largely unknown

add to favorites email to friend print save as pdf

Related Stories

China arms itself for difficult 'war on pollution'

Jul 08, 2014

Having declared "war on pollution", China is arming itself with tougher weapons from new courts to daily fines and shutting down offenders altogether, in what analysts call promising steps but no guarantee ...

Plastic tide 'causing $13 bn in damage', UN says

Jun 23, 2014

The dumping of plastic waste into the world's oceans is causing at least $13 billion a year of damage, threatening marine life, tourism and fisheries, the United Nations warned Monday at the launch of a global ...

Fear of economic blow as births drop around world

May 07, 2014

Nancy Strumwasser, a high school teacher from Mountain Lakes, New Jersey, always thought she'd have two children. But the layoffs that swept over the U.S. economy around the time her son was born six years ...

Recommended for you

Tracking giant kelp from space

19 minutes ago

Citizen scientists worldwide are invited to take part in marine ecology research, and they won't have to get their feet wet to do it. The Floating Forests project, an initiative spearheaded by scientists ...

Heavy metals and hydroelectricity

1 hour ago

Hydraulic engineering is increasingly relied on for hydroelectricity generation. However, redirecting stream flow can yield unintended consequences. In the August 2014 issue of GSA Today, Donald Rodbell of ...

What's wiping out the Caribbean corals?

2 hours ago

Here's what we know about white-band disease: It has already killed up to 95 percent of the Caribbean's reef-building elkhorn and staghorn corals, and it's caused by an infectious bacteria that seems to be ...

User comments : 0