clean rivers, clean lake 8 -- restorative economics -- matt howard
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RESTORATIVE ECONOMICS:MKE’S H2O REVOLUTION
MATT HOWARD, SUSTAINABILITY DIRECTORCITY OF MILWAUKEE
April 30, 2012
“I want to create an alignment of economic and environmental 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 reuse
Is 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) 286-3351mhoward@milwaukee.gov www.milwaukee.gov/sustainability
Thank You!
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