Economic Valuation of Coral Reefs: A Case Study of the Costs and Benefits of Improved Management of Dhigali HAA, A Marine Protected Area in Baa Atoll, Maldives

Economic Valuation of Coral Reefs: A Case Study of the Costs and Benefits of Improved Management of Dhigali HAA, A Marine Protected Area in Baa Atoll, Maldives

Primary Country: Maldives
Ecosystem: coral reef
Sample Value Estimates:
(a) Willingness To Pay was US$35 plus or minus $5 for a one-off conservation fee per visit to be paid by all visitors (b) WTP was US$15 plus or minus $5 for a user fee per visit to Dhigali Haa to be paid by divers visiting the MPA (c) estimated Net Present Value for improving management at Dhigali Haa was estimated to be US$8.65 million if funded by a conservation fee (d) estimated NPV for improving management was negative US$0.41 million if funded by a user diver fee.
Methodology: contingent valuation
Region: Asia
Data source: University of Canterbury, Christchurch, New Zealand

Publication information

Mohamed, Mizna “Economic Valuation of Coral Reefs: A Case Study of the Costs and Benefits of Improved Management of Dhigali HAA, A Marine Protected Area in Baa Atoll, Maldives” Thesis for Degree of Master of Environmental Sciences, University of Canterbury, Christchurch, New Zealand, 184 pp., 2007

Addtional Notes

The analysis of the benefits and costs of implementing the proposed Improved Management Scenario (IMS) at Dhigali Haa MPA justified funding for proper management of the Dhigali Haa MPA. The cost-benefit estimates showed that the NPV was postiive if benefits were obtained from a conservation fee rather than a user fee. 

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