Boreal forest area delivers over $120 million a year in benefits IISD study shows
A vast tract of boreal forest that straddles the Manitoba and Ontario border has a conservative estimated economic value of between $121 and $130 million a year, according to a study by the International Institute for Sustainable Development, released today. IISD produced the study for Pimachiowin Aki Corp., a non-profit group leading the bid to have the area designated an international treasure, similar to other World Heritage Sites like Australia’s Great Barrier Reef, Egypt’s pyramids at Giza and Canada’s Rocky Mountains.
IISD researchers Stephan Barg and Vivek Voora have assessed the value of some well-known economic activities in the boreal forest—like hunting and trapping—but also used green economics to put a value on the benefits nature offers, such as clean air and clean water. See press release and FAQ.