The Economics of Worldwide Coral Reef Degradation

The Economics of Worldwide Coral Reef Degradation

Primary Country: global
Ecosystem: coral reef
Sample Value Estimates:
  1. $9 billion / year: Annual potential net benefit stream from coastal protection of the world's coral reefs
  2. $5.7 billion / year: Annual potential net benefit stream from fisheries of the world's coral reefs
  3. $5.5 billion / year: Annual potential net benefit stream from biodiversity of the world's coral reefs
  4. $29.8 billion / year : Total net benefit streams of the world's coral reefs
  5. $797.4 billion: NPV over 50 years with a 3% discount rate
Region: global
Data source: CI

Publication information

Cesar, H. Burke, L.Pet-Soede, L. “The Economics of Worldwide Coral Reef Degradation” Cesar Environmental Economics Consulting, 2003

Addtional Notes

Keyword: global Degradation or Loss of Ecosystem Service

By one estimate for Caribbean (excl. USA), total cost of severe coral bleaching over a 50 year time horizon with a 3% discount rate is $5.7 billion in net present value.

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http://assets.panda.org/downloads/cesardegradationreport100203.pdf

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