XML FeedsValuation of natural marine ecosystems: an economic perspective
By CostBenefit on Nov 6, 2009 | In Climate Change GHG Carbon CO2, Land + Water, Europe, Academic Study/Journal Article, Beaches and Erosion, Ecosystem Valuation, Regulatory Analysis, Environmental Economics / Ecological Economics, Costs and Benefits | Send feedback »
Link: http://dx.doi.org/10.1016/j.envsci.2009.06.006
by Kyriaki Remoundou 1, Phoebe Koundouri 1, Areti Kontogianni 2, Paulo A.L.D. Nunes 3 and Michalis Skourtos 2
1. Department of International and European Economic Studies, Athens University of Economics and Business, 76 Patission Street, 104 34 Athens, Greece
2. University of Aegean, Faculty of the Environment, 81100 Mytilini, Greece
3. Department of Economics, University of Venice and Fondazione Eni Enrico Mattei, Campo S. Maria Formosa, Castello 5252, 30122 Venice, Italy
Abstract: This paper attempts to examine whether information from valuation studies can help the design of policies adequate to reverse and halt the generally poor state of marine and coastal ecosystems of the Mediterranean and the Black Sea. Economic implications of managing coastal and marine environments are thus discussed by assessing the results of different valuation studies implemented in the area. Lessons and policy recommendations from existing literature are inferred to guide marine resources management decisions. One of our main findings is that there are extremely few published studies within the Mediterranean and Black Sea region which highlights the potential for future research on coastal and marine ecosystems ability to sustain different goods and services as a result of climate change and anthropogenic drivers in the area. However, results reveal that there are substantial positive economic values attached to marketed and non-marketed services provided by marine and coastal ecosystems that justify their sustainable use and management.
Environmental Science & Policy via Elsevier Science Direct www.ScienceDirect.com
Volume 12, Issue 7; November, 2009; pages 1040-1051
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