Clean Rivers, Clean Lake 8 -- Restorative Economics -- Matt Howard
RESTORATIVE ECONOMICS: MKE’S H2O REVOLUTIONMATT HOWARD, SUSTAINABILITY DIRECTOR CITY OF MILWAUKEE April 30, 2012
“I want to create an alignment of economic andenvironmental interests that improve Milwaukee’s quality of life.” Mayor Tom Barrett
Restorative Economics: Paul Hawken• Current: extraction-based economy; economic value price driven; and, externalities go unaccounted• “We can either create assets for the future or take the assets of the future.”• Next Industrial Revolution: conservation of resources; reuse of materials; change in values from quantity to quality, and investing in natural capital, or restoring and sustaining natural resources.
Restorative Economics: Paul Hawken• Restoration Economy: shift from new development to redevelopment + improving natural resources + price reflects ALL costs (externalities) but conveys true value of good or service• Water(shed) restoration with infrastructure restoration is now a proven path to metropolitan & economic restoration• Economic value more closely aligned to environmental quality = H2O in MKE!
Economic Value of Water Price: No unit price for H20 – future uncertainty Supply: Closed loop/finite system Demand: Population is exploding in areas with quality/quantity issues Great Lakes: 40m people; $7b fishing ind. Water/Energy nexus Water tech industry + water dependant industries
Economic Value of Water: MKE Historical value of water: transportation, tanneries, beer, research + technology Industrialization degraded MKE’s most valuable economic asset New growth industry: water tech + efficiency New growth industry: livability of cities Attract people, resources, jobs Redevelopment + adaptive reuseIs H2O MKE’s “next” industrial revolution?
Milwaukee H20 Assets Policy Mayor Barrett Vice Chair GLSL City GI & Sustainability Planning Sweet Water, MMSD, UW-M, etc Action MV: Major City remediation and redevelopment Eco-industrial “park”: companies + stormwater + livability City wants to replicate this at scale Century City, Inner Harbor, Brewery Project
Conclusion H2O is our next Industrial Revolution Historical assets & knowledge base Restorative action drives triple bottom-line: strong connection b/t water quality and economic growth Mayor wants more strategic action on connection between environmental action and economic development Continue to partner to achieve common goals
Contact InfoMatt HowardEnvironmental Sustainability DirectorCity of Milwaukee(414) email@example.com/sustainabilityThank You!