Assessing the Economic Value of Protecting the Great Lakes: A Cost-benefit Analysis of Habitat Protection and Restoration

This study provides information on the magnitude of the economic benefits from the habitats of the Great Lakes basin ecosystem. A total economic valuation (TEV) framework is used to undertake a cost-benefit analysis of two intervention strategies – wetland protection and restoration – aimed at protecting and restoring habitats. The costs and benefits of these habitats and the intervention strategies are estimated for Credit River – 16 Mile Creek, the Toronto Area and Prince Edward Bay.

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