Economic valuation of ecosystem services from coral reefs in the South Pacific: Taking stock of recent experience

Economic valuation of ecosystem services from coral reefs in the South Pacific: Taking stock of recent experience

Primary Country: multiple
Ecosystem: coral reef
Sample Value Estimates:
(a) based on five types of CRESVs, or "Coral Reef Ecosystem Services Valuation," carried out in the South Pacific, three main ES, or "Ecosystem Services," explain over 80% of the sum of estimated value: tourism, coastal protection and coral reef fisheries (b) at the country scale, tourism and fisheries producer surplus represent values equivalent to 5% of the GDP of the islands on average (c) at the local scale for Vanuatu and Fiji, these two ES provide at least 25% of the monetary and non-monetary annual village incomes.
Region: Pacific

Publication information

Laurans, Y. Pascal, N.Binet, T.Brander, L.Clua, E.David, G.Rojat, D.Seidl, A. “Economic valuation of ecosystem services from coral reefs in the South Pacific: Taking stock of recent experience” Journal of Environmental Management, Volume 116, Pages 135–144 , 2013

Addtional Notes

 

South Pacific CRESVs have been used in an "informative" way rather than in a "decisive" or "technical" perspective. The development of CRESVs in the South Padcific will depend on a combination of factors: 1. a need to improve the ecological knowledge base in relation to CRESVs, such as the need to address the "MSY" difficulty by better specifying the ecological-economic feedback in fisheries management, 2. it is requisite to develop the "advocacy" effectiveness of CRESVs in local communities and to better integrate teh specificities of cultural relations to reefs, 3. increase the use of CRESVs by different kinds of stakeholders in different contests, clarification and, above all, harmonization of  

concepts used in coral reef assessments.

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