Valuing beaches to develop payment for ecosystem services schemes in Colombia’s Seaflower marine protected area

Valuing beaches to develop payment for ecosystem services schemes in Colombia’s Seaflower marine protected area

Primary Country: Colombia
Ecosystem: beach
Sample Value Estimates:
(a) US$997,468 tourists willing to pay this additional money annually, on top of vaccation amount, to protect San Andres Island's beaches (b) US$73 million annually as negative impact on SAI tourism sector due to beach erosion
Methodology: contingent valuation
Region: Americas

Publication information

Castaño-Isaza, J. R. Newball B. Roach W.W.Y. Lau “Valuing beaches to develop payment for ecosystem services schemes in Colombia’s Seaflower marine protected area” Ecosystem Services 11: 22–31, 2015

Addtional Notes

 

"This research contributed to the first stage in the development of a payment for ecosystem services (PES) scheme to protect SAIs beaches. The importance of beaches for SAI and the potential loss of revenue due to beach erosion create an opportunity to incentivize the private sector to invest in natural infrastructure that maintains and protects beaches. This study also informs the potential application of valuation studies for the development of innovative financing instruments, such as PES, to achieve financial sustainability for the MPA network in Colombia." 

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