Home » Library » Valuing New Jersey’s Natural Capital

Valuing New Jersey’s Natural Capital

Library Topics

This provides the results of a study that quantified the annual value of New Jersey’s natural resources and its present value, the amount of money that would need to be invested now to generate an equal level of annual monetary benefits. The total value of New Jersey’s natural capital is about $20 billion per year (present value: $680 billion). It provides services worth between $8.6 and $19.8 billion (present value: $288-660 billion) and goods worth between $2.8 and $9.7 billion (present value: $93-322 billion).

  • This report summarizes the results of a two-year study that quantified the value of New Jersey’s natural resources. It gives the annual dollar value (in 2004 dollars) and present value, the amount of money that would need to be invested now at a 3% interest rate to generate an equal level of annual monetary benefits.
  • The total value of New Jersey’s natural capital is about $20 billion per year (present value $680 billion), plus or minus $9 billion per year (present value $300 billion).
  • The annual value of the services provided by New Jersey’s natural capital is conservatively estimated at between $8.6 billion (present value $288 billion) and $19.8 billion (present value $660 billion).
  • The annual value of the goods provided by New Jersey’s natural capital is estimated at between $2.8 billion (present value $93 billion) and $9.7 billion (present value $322 billion).
  • Additionally, wildlife-related tourism is estimated to annually generate about $3 billion of gross economic activity in New Jersey.

Download/View

Valuing_New_Jersey_s_Natural_Capital.pdf
(pdf, 277.0 kb)

Year: 2007

Organization/Source: New Jersey Department of Environmental Protection

Topic tags: Economic Benefits of Outdoor Recreation And Tourism, Economic Benefits of Waterways and Wetlands, Return on Environment Studies, and Economic Benefits of Open Space

Open space Economic