How Much is a Polar Bear Worth to You?

December 4, 2011 in Daily Bulletin

How much would you be willing to pay to protect Polar Bears? The Star
reports that a study commissioned by Environment Canada concluded that Canadians would be willing to pay $6.3 billion per year to keep the polar bears alive. Some interesting points include:

  • $6.3 billion comes out to about $508 per Canadian Household.
  • $6.3 billion also means that each of the 15,000 polar bears is worth $420,000 – the average price of a house in Toronto.
  • This study of Canadian preferences cost $41,300 to carry out.

To find out how the Polar Bear compares to the amount that Canadians would be willing to pay to save other animals such as whales read the full article over here.

Source: The Star