Submission
ID 6529
Submitting Entity Organization for Economic Co-operation and Development
Submitted for Seventh Ordinary Meeting of the Conference of the Parties to the Convention on Biological Diversity (COP 7)
 
Main Information
Title The Biodiversity Benefits of Coral Reef Ecosystems: Values and Markets
Description In most tropical countries, coral reef ecosystems provide many goods and services to coastal 
populations, such as subsistence and commercial fishery, tourism, coastal protection and biodiversity. A variety of anthropogenic practices threatens reef health and therefore jeopardizes the benefits flowing from these services and goods. These threats range from local pollution, sedimentation, destructive fishing practices and coral mining to global issues like coral bleaching. Economic valuation can help to shed light to the importance of the services and goods by ‘getting some of the numbers on the table’. Creating markets for sustainable resource utilization can enhance the value captured by the local population from 
these goods and services. This 2001 OECD paper gives some background to economic valuation (Total Economic Value, Cost Benefit Analysis) and market creation as well as three case studies from Indonesia. These case studies illustrate: (i) the creation of a market for sustainably caught/reared reef fish as an alternative to cyanide fishing; (ii) the economic valuation of marine protected areas; and (iii) the economic valuation of a threat to coral reefs (coral mining).
Web Link /doc/case-studies/inc/cs-inc-oecd-04-en.pdf
 
Additional Information
Authors Herman Cesar, Cesar Consulting
Source OECD
Countries Indonesia
Ecosystems Marine and Coastal Biodiversity
Regions
Incentive Measures Economic Valuation
Indirect Incentives (property rights, market creation)
Keywords Cost-based valuation
Travel cost valuation
Ecosystem Services
Ecosystem approach
 
 
  • United Nations
  • United Nations Environment Programme