Coastal Capital: Economic Valuation of Coral Reefs in Tobago and St. Lucia

Coastal Capital: Economic Valuation of Coral Reefs in Tobago and St. Lucia

Primary Country: Trinidad and Tobago
Ecosystem: coral reef
Sample Value Estimates:
In Trinidad and Tobago:
  1. $101-130 million/year: Combined direct and indirect economic impacts from coral reef associated tourism in 2006
  2. $0.8-1.3 million / year: Combined direct and indirect economic impacts from coral reef associated fisheries in 2006
  3. $18-33 million / year: Economic value of shoreline protection services provided by coral reefs, potentially avoided damages, in 2007
  4. $13-44 million / year: Annual economic value of local residents’ use of the reefs and coralline beaches
  5. $1 million / year: Consumer surplus from reef recreation per year
Methodology: market price, costs of avoided damage, benefit transfer

Publication information

Burke, L. Greenhalgh, S., Prager, D., Cooper, E., “Coastal Capital: Economic Valuation of Coral Reefs in Tobago and St. Lucia” World Resources Institute, 2008

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