Economic Benefits of Environmental Science
Environmental science is worth hundreds of millions of pounds to the UK economy according to an independent study. The study, a first for a research council, examined the benefits to the UK from NERC-funded research.
The report highlights a number of programmes, including the Centre for Ecology & Hydrology's Flood Estimation Handbook which it conservatively estimates is worth £7m-£34m to the UK economy, and the British Geological Survey's ground instability data used by insurers, developers and planning authorities, which is estimated to be worth £70m-£270m.
Other highlights include a £20m saving from using NERC science to reduce the cost of gritting and salting icy roads, and a potential £200m-£1100m benefit to the economy if Britain capitalises on the fast-growing marine biotechnology industry.
The government's chief scientific advisor, Sir David King, said, "I am very glad this analysis has taken place. One of the most difficult messages to get across at any level is where you have avoided risk or if you have significantly reduced risk. The whole issue around global warming is one of preparing our societies for the impacts of climate change. What is the economic value of avoiding those impacts? Massive."
For more information on the economic benefits of NERC science contact:
Tel: 01793 411977