Measuring the True Cost of Conservation

Estimated fair market value of all properties in the United States (3D visualization). Photo courtesy of Christoph Nolte, Boston University.

You’ve created the first high-resolution map of U.S. land value. What spurred this research?

I was dissatisfied with the quality of cost data in conservation research. Land conservation decisions are about trade-offs. If we wish to keep forest carbon on the ground, species’ habitats intact, wetlands functional, or landscapes beautiful, conservation usually means that we also give up something: the benefits from alternative land uses. Arguments in favor of more conservation are widespread. For instance, Harvard University’s E.O. Wilson suggests that 50% of the Earth should be protected. However, those points are incomplete if they are not also explicit about what we should be giving up where, who wins and who loses, and who gets to decide.

What data did you use to generate this map?

There are many datasets behind this map. Perhaps the most important is a nationwide database of properties and their sales. This dataset came from Zillow, the real estate company, which obtains the data from public records and makes it available to academics and nonprofits. In my research group, we developed a system that links this data to digital maps of property boundaries. This allows us to obtain detailed information on land characteristics: buildings, terrain, land cover, road access, water access, flood risk, local demographics, nearby amenities, and so on. This data is fed into a machine learning algorithm, which learns to predict sales prices from its knowledge of the characteristics of each property. After the algorithm is trained, I let it predict the sales prices of every property in the country. The result is this map.

Correlations between actual conservation cost (4128 land acquisitions) and eight different cost proxies in the literature. “PLACES FMV” refers to the high-resolution land value map. Photo courtesy of Christoph Nolte, Boston University.

What does this map tell us about environmental conservation costs? Why is it essential to have accurate land value data?

I found that most of the cost estimates that were used in the literature have underestimated the cost of conservation in the United States. This underestimation is particularly large near cities, where land values tend to be much higher than previous proxies suggested. In other words, it means that we will need substantially higher levels of funding than previously assumed if we want to achieve certain environmental goals, such as protecting all floodplains from development or protecting species habitat in the face of climate change.

How can your research help to educate policymakers on future conservation plans and priorities? Why is this important?

I believe that it is good to be realistic about what a given level of funding can achieve. For instance, in August, congress passed the Great American Outdoors Act, a historic bipartisan bill that makes $4.5 billion dollars of federal funding available for land protection. If previous estimates of conservation cost were correct, this budget could help reach us proposed habitat protection needs for all species in the U.S. However, the new cost data suggests that even such an unprecedented budget covers merely 5% of what is actually needed. That’s a big difference!

How can people best use this data when thinking about environmental conservation as it relates to their day to day lives?

Data on the cost of conservation helps us be real about the actual magnitude and severity of the conservation problem we are facing as a society. Many of us feel positively about the benefits that conserved lands provide. However, not all of us are willing to make sacrifices to protect these lands, whether it is by reducing our own ecological footprints, or by voting in favor of local land use regulations or measures that increase taxes to fund conservation. In the midst of this, we are exposed to advertising that suggests that we can cheaply “offset” our effects on the environment — for instance, that we can become “carbon-neutral” for a few dollars by purchasing carbon offsets when we fly.

Despite costs being much higher than originally estimated, why is conservation still such an important investment?

Answers to this question have two dimensions: science and values. Science helps us understand the consequences of our actions. If we want to mitigate climate change, we need to reduce greenhouse gas emissions. Land conservation can help, for instance, by conserving forests and wetlands, reducing urban sprawl, or increasing opportunities for local recreation. If we want to prevent species extinctions, we need to protect and restore threatened habitat, conserve lands in climate refugia, and build ecological corridors, so species can move as temperatures rise. And if we want to avoid damages from flooding, we should protect more floodplains from development.

Left: differences in policy budgets needed to achieve proposed species protection targets in the United States. “Withey et al.” refers to the cost proxy used in previous studies. Right: changes in spatial priorities for species conservation when high-resolution land cost estimates are used. Photo courtesy of Christoph Nolte, Boston University.

Are there any other surprising findings? Could this data have other applications in areas outside of conservation (for example, real estate)?

I was surprised by the predictive power of the algorithm. As a validation step, I tested whether estimated land values could predict the actual cost of more than 4,000 public land acquisitions for conservation that were distributed all over the country. I expected that the predictions would outperform the proxies used in earlier studies, which they did. But to my surprise, the predictions even outperformed the estimates of tax assessors. Tax assessors are tasked with estimating the value of all properties in a given jurisdiction for taxation purposes, and part of that process often involves estimating the “fair market value” of each property. Because assessors work locally and know their area much better than a national dataset does, I would have expected their estimates to vastly outperform mine. However, instead, I found that mine were 29% more accurate. This does raise the question of why these differences exist and opens up new interesting avenues for scrutinizing existing methods for property taxation.

In your opinion, what is the single most important conservation issue facing the world today?

It would be difficult to answer this question without pointing towards climate change. It affects everything else that we think about in conservation. If we don’t stop climate change, conserving species where they are today won’t conserve them in the future. Future flooding and sea level rise will be a lot less manageable. And we worry a lot more about the conservation of forests and wetlands today because we know that their loss fuels this fire. At a project level, if you want to persuade people that conservation is a good idea, talking about rare or interesting species, beautiful landscapes, and recreational opportunities might get you more traction. But many of those efforts might be a drop in the bucket if we don’t address this massive elephant in the room.

Estimated fair market value of all properties in the United States. Photo courtesy Christoph Nolte, Boston University.

What do you hope people take away from this project? What are you planning to research next?

For me, for my students, and for colleagues at universities all over the country, the synthesis of this rich database has created novel opportunities for empirical research that were unthinkable just a few years ago. We currently support research on the economic risks from flooding, oil spills and hazardous waste, the economic impacts of land regulations, the benefits of water quality and priorities for emissions reduction from forest protection. My own curiosity has mostly to do with projects that help people protect the places and species they love: identifying opportunities for protection, scrutinizing the effectiveness of existing programs, and reducing the informational barriers to get conservation done. It is an exciting time to do this research, and I’m glad that so many fantastic colleagues around the country are interested in advancing the frontiers of knowledge together.

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