Northern Maine will potentially suffer from temperatures increases, effecting the recreational value of the skiing industry. Sugarloaf currently has 300 high-efficiency snowguns that allow the mountain to make snow at higher temperatures and lower costs than the old equipment. With the threat of increasing temperatures, there is a need to invest in new technology in order to maintain ski season length and maintain a reputation as one of the largest, best skiing in New England. With current hourly temperatures in November, Sugarloaf would need to invest in 540 new high-efficiency snowguns at a cost of about $1.8. The costs incurred now are less of a risk than the loss of revenue in the future due to climate change.
Jarrett, Lindsay C.
"Potential Investment in High-Efficiency Snowmaking at Sugarloaf,"
Journal of Environmental and Resource Economics at Colby: Vol. 01
, Article 12.
Available at: https://digitalcommons.colby.edu/jerec/vol01/iss01/12