Skip to main content
Top

2017 | OriginalPaper | Chapter

14. Economic Valuation of Wetland Ecosystem Goods and Services

Authors : Naren Pasupalati, Megha Nath, Abhijit Sharan, Priya Narayanan, Ramachandra Bhatta, Ramesh Ramachandran, Purvaja Ramachandran

Published in: Wetland Science

Publisher: Springer India

Activate our intelligent search to find suitable subject content or patents.

search-config
loading …

Abstract

The degradation of wetland resources including waterbodies, marshy coastal cropland, mangroves and salt marshes due to a variety of human activities within and outside the wetlands is a major environmental concern in India. Despite their importance, these ecosystems are under severe threat of degradation due to both natural and anthropogenic factors primarily due to the lack of awareness of the link between human support systems and natural ecosystems. Unless our natural capital is systematically accounted for, coupled with the knowledge of its total economic value, the probability of unsustainable exploitation leading to loss of human well-being would be significantly high. This necessitates a thorough understanding on the tools and techniques used in economic valuation and the ecosystem goods and services of a wetland ecosystem. The present chapter provides comprehensive information on the typology of various tools used in economic valuation of wetland resources. A synthesis of available information from published literature is also included, which provides a snapshot of monetary values of this natural resource.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Appendix
Available only for authorised users
Footnotes
1
Ecological succession: Many ecosystems experience a phenomenon known as ecological succession, a slow process in which the species inhabiting an ecosystem fluctuate or change completely. Some species increase in population, while others decrease or even disappear altogether. These shifts can be due to new species entering the ecosystem, current species impacting the ecosystem, or evolutionary changes within a certain species allowing them to better adapt to the ecosystem.
 
Literature
go back to reference Bann C (1999) A contingent valuation of the mangroves of Benut, Johor State, Malaysia. Johor State Forestry Department/DANCED/Darudec, Johor Bann C (1999) A contingent valuation of the mangroves of Benut, Johor State, Malaysia. Johor State Forestry Department/DANCED/Darudec, Johor
go back to reference Bann C (2003) An economic analysis of alternative mangrove management strategies in Koh Kong Province, Cambodia, Penang Bann C (2003) An economic analysis of alternative mangrove management strategies in Koh Kong Province, Cambodia, Penang
go back to reference Barbier EB (2007) Valuing ecosystem services as productive inputs. Econ Policy 22(49):178–229CrossRef Barbier EB (2007) Valuing ecosystem services as productive inputs. Econ Policy 22(49):178–229CrossRef
go back to reference Bassi N, Kumar MD, Sharma A, Pardha-Saradhi P (2014) Status of wetlands in India: a review of extent, ecosystem benefits, threats and management strategies. J Hydrol: Reg Stud 2:1–19 Bassi N, Kumar MD, Sharma A, Pardha-Saradhi P (2014) Status of wetlands in India: a review of extent, ecosystem benefits, threats and management strategies. J Hydrol: Reg Stud 2:1–19
go back to reference Bingham G, Bishop R, Brody M, Bromley D, Clark E, Cooper W, Costanza R, Hale T, Hayden G, Kellert S, Norgaard R, Norton B, Payne J, Russell C, Suter G (1995) Issues in ecosystem valuation: improving information for decision making. Ecol Econ 14:73–90CrossRef Bingham G, Bishop R, Brody M, Bromley D, Clark E, Cooper W, Costanza R, Hale T, Hayden G, Kellert S, Norgaard R, Norton B, Payne J, Russell C, Suter G (1995) Issues in ecosystem valuation: improving information for decision making. Ecol Econ 14:73–90CrossRef
go back to reference Böhnke-Henrichs A, Baulcomb C, Koss R, Hussain SS, de Groot RS (2013) Typology and indicators of ecosystem services for marine spatial planning and management. J Environ Manag 130:135–145CrossRef Böhnke-Henrichs A, Baulcomb C, Koss R, Hussain SS, de Groot RS (2013) Typology and indicators of ecosystem services for marine spatial planning and management. J Environ Manag 130:135–145CrossRef
go back to reference Boyd J, Banzhaf S (2007) What are ecosystem services? The need for standardized environmental accounting units. Ecol Econ 63(2–3):616–626CrossRef Boyd J, Banzhaf S (2007) What are ecosystem services? The need for standardized environmental accounting units. Ecol Econ 63(2–3):616–626CrossRef
go back to reference Braat LC, de Groot R (2012) The ecosystem services agenda:bridging the worlds of natural science and economics, conservation and development, and public and private policy. Ecosyst Serv 1(1):4–15CrossRef Braat LC, de Groot R (2012) The ecosystem services agenda:bridging the worlds of natural science and economics, conservation and development, and public and private policy. Ecosyst Serv 1(1):4–15CrossRef
go back to reference Chiesura A, de Groot R (2003) Critical natural capital: a socio-cultural perspective. Ecol Econ 44(2–3):219–231CrossRef Chiesura A, de Groot R (2003) Critical natural capital: a socio-cultural perspective. Ecol Econ 44(2–3):219–231CrossRef
go back to reference Chua T, Nancy B (1999) Challenges and opportunities in managing pollution in the East Asian seas: proceedings of the International Conference, Metro Manila, Philippines, 22–24 March 1999. GEF, Quezon City Chua T, Nancy B (1999) Challenges and opportunities in managing pollution in the East Asian seas: proceedings of the International Conference, Metro Manila, Philippines, 22–24 March 1999. GEF, Quezon City
go back to reference Cosier P (2011) Accounting for the condition of environmental assets, Wentworth Group of Concerned Scientists, UN Committee of Experts on Environmental Accounting Technical Meeting on Ecosystem Accounts, London, no. December (2011), pp 5–7 Cosier P (2011) Accounting for the condition of environmental assets, Wentworth Group of Concerned Scientists, UN Committee of Experts on Environmental Accounting Technical Meeting on Ecosystem Accounts, London, no. December (2011), pp 5–7
go back to reference Costanza R, d’Arge R, de Groot R, Farberk S, Grasso M, Hannon B, Limburg K, Naeem S, O’Neill RV, Paruelo J, Raskin RG, Suttonkk P, van den Belt M (1997) The value of the world’s ecosystem services and natural capital. Nature 387(6630):253–260CrossRef Costanza R, d’Arge R, de Groot R, Farberk S, Grasso M, Hannon B, Limburg K, Naeem S, O’Neill RV, Paruelo J, Raskin RG, Suttonkk P, van den Belt M (1997) The value of the world’s ecosystem services and natural capital. Nature 387(6630):253–260CrossRef
go back to reference Daily GC, Alexander S, Ehrlich PR, Goulder L, Lubchenco J, Matson PA, Mooney HA, Postel S, Schneider SH, Tilman D, Woodwell GM (1997) Ecosystem services: benefits supplied to human societies by natural ecosystems. Issues Ecol 2:16 Daily GC, Alexander S, Ehrlich PR, Goulder L, Lubchenco J, Matson PA, Mooney HA, Postel S, Schneider SH, Tilman D, Woodwell GM (1997) Ecosystem services: benefits supplied to human societies by natural ecosystems. Issues Ecol 2:16
go back to reference Das S (2011) Examining the storm protection services of mangroves of Orissa during the 1999 cyclone. Econ Polit Wkly 46(24):60–68 Das S (2011) Examining the storm protection services of mangroves of Orissa during the 1999 cyclone. Econ Polit Wkly 46(24):60–68
go back to reference Das S, Vincent JR (2009) Mangroves protected villages and reduced death toll during Indian super cyclone. Proc Natl Acad Sci U S A 106:7357–7360CrossRef Das S, Vincent JR (2009) Mangroves protected villages and reduced death toll during Indian super cyclone. Proc Natl Acad Sci U S A 106:7357–7360CrossRef
go back to reference DebRoy P, Jayaraman R (2012) Economic valuation of mangroves for assessing the livelihood of fisherfolk: a case study in India. Proceedings of the Sixteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, Dares Salaam, Tanzania 2012. DebRoy P, Jayaraman R (2012) Economic valuation of mangroves for assessing the livelihood of fisherfolk: a case study in India. Proceedings of the Sixteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, Dares Salaam, Tanzania 2012.
go back to reference Defra (2011) An introductory guide to valuing ecosystem services. Department of Environment, Food and Rural Affairs, Crown Copyright, London, pp 8–32 Defra (2011) An introductory guide to valuing ecosystem services. Department of Environment, Food and Rural Affairs, Crown Copyright, London, pp 8–32
go back to reference Dixit AM, Kumar P, Kumar L, Pathak KD, Patel MI (2010) Economic valuation of coral reef systems in Gulf of Kachchh. Final Report. World Bank aided Integrated Coastal Zone Management (ICZM) Project. Submitted to Gujarat Ecology Commission, Gandhinagar, India, p 158 Dixit AM, Kumar P, Kumar L, Pathak KD, Patel MI (2010) Economic valuation of coral reef systems in Gulf of Kachchh. Final Report. World Bank aided Integrated Coastal Zone Management (ICZM) Project. Submitted to Gujarat Ecology Commission, Gandhinagar, India, p 158
go back to reference Emerton L, Kekulandala LDCB (2003) Assessment of the economic value of Muthurajawela Wetland. Occ. Pap. IUCN, Sri Lanka., p 4:iv + 28 Emerton L, Kekulandala LDCB (2003) Assessment of the economic value of Muthurajawela Wetland. Occ. Pap. IUCN, Sri Lanka., p 4:iv + 28
go back to reference Fisher B, Bateman I, Turner RK (2011) Valuing ecosystem services: benefits, values, space and time. In: Kumar P, Thiaw I (eds) Values, payments and institutions for ecosystem management. Edward Elgar, London, pp 58–69 Fisher B, Bateman I, Turner RK (2011) Valuing ecosystem services: benefits, values, space and time. In: Kumar P, Thiaw I (eds) Values, payments and institutions for ecosystem management. Edward Elgar, London, pp 58–69
go back to reference Fu B, Su C, Wei Y (2011) Double counting in ecosystem services valuation: causes and countermeasures. Ecol Res 26(1):1–14CrossRef Fu B, Su C, Wei Y (2011) Double counting in ecosystem services valuation: causes and countermeasures. Ecol Res 26(1):1–14CrossRef
go back to reference Hirway I, Goswami S (2007) Valuation of coastland resources: the case of mangroves in Gujarat. Academic Foundation, New Delhi Hirway I, Goswami S (2007) Valuation of coastland resources: the case of mangroves in Gujarat. Academic Foundation, New Delhi
go back to reference Hussain SA, Badola R (2010) Valuing mangrove benefits: contribution of mangrove forests to local livelihoods in Bhitarkanika Conservation Area, east coast of India. Wetl Ecol Manag 18(3):321–331. doi:10.1007/s11273-009-9173-3 CrossRef Hussain SA, Badola R (2010) Valuing mangrove benefits: contribution of mangrove forests to local livelihoods in Bhitarkanika Conservation Area, east coast of India. Wetl Ecol Manag 18(3):321–331. doi:10.​1007/​s11273-009-9173-3 CrossRef
go back to reference Kaladharan P, Veena S, Vivekanandan E (2009) Carbon sequestration by a few marine algae: observation and projection. J Mar Biol Assoc India 51(1):107–110 Kaladharan P, Veena S, Vivekanandan E (2009) Carbon sequestration by a few marine algae: observation and projection. J Mar Biol Assoc India 51(1):107–110
go back to reference Landry CE, Hindsley P (2011) Valuing beach quality with hedonic property models. Land Econ 87(1):92–108CrossRef Landry CE, Hindsley P (2011) Valuing beach quality with hedonic property models. Land Econ 87(1):92–108CrossRef
go back to reference McAllister DE (1991) What is a coral reef worth? Sea Wind 5(1):21–24 McAllister DE (1991) What is a coral reef worth? Sea Wind 5(1):21–24
go back to reference MEA (2005) Millennium ecosystem assessment, ecosystems and human well-being: synthesis. Island Press, Washington, DC MEA (2005) Millennium ecosystem assessment, ecosystems and human well-being: synthesis. Island Press, Washington, DC
go back to reference Mitsch WJ, Gosselink JG (2000) The value of wetlands: importance of scale and landscape setting. Ecol Econ 35(200):25–33CrossRef Mitsch WJ, Gosselink JG (2000) The value of wetlands: importance of scale and landscape setting. Ecol Econ 35(200):25–33CrossRef
go back to reference MoEF (2006) National environment policy. Ministry of Environment and Forests, Government of India, New Delhi, pp 33–34 MoEF (2006) National environment policy. Ministry of Environment and Forests, Government of India, New Delhi, pp 33–34
go back to reference Mukherjee V, Gupta G (2013) Toxicity and profitability of rice cultivation under wastewater irrigation: the case of the East Calcutta wetlands. Ecol Econ 93:292–300CrossRef Mukherjee V, Gupta G (2013) Toxicity and profitability of rice cultivation under wastewater irrigation: the case of the East Calcutta wetlands. Ecol Econ 93:292–300CrossRef
go back to reference Nordhaus W (2011) Estimates of the social cost of carbon: background and results from the RICE-2011 model. National Bureau of Economic Research, p 48 Nordhaus W (2011) Estimates of the social cost of carbon: background and results from the RICE-2011 model. National Bureau of Economic Research, p 48
go back to reference Padilla J (2009) Analysis of coastal and marine resources: a contribution to the Philippines country environmental analysis. World Bank, p 158 Padilla J (2009) Analysis of coastal and marine resources: a contribution to the Philippines country environmental analysis. World Bank, p 158
go back to reference Prasad SN, Ramachandra TV, Ahalya N, Sengupta T, Kumar A, Tiwari AK, Vijayan VS, Vijayan L (2002) Conservation of wetlands – a review. Trop Ecol 43:173–186 Prasad SN, Ramachandra TV, Ahalya N, Sengupta T, Kumar A, Tiwari AK, Vijayan VS, Vijayan L (2002) Conservation of wetlands – a review. Trop Ecol 43:173–186
go back to reference Provins A (2013) Accounting for the value of wetland services. Paper presented at the seminar on the valuation for natural capital accounting, Office of National Statistics London, 13 December 2013. Provins A (2013) Accounting for the value of wetland services. Paper presented at the seminar on the valuation for natural capital accounting, Office of National Statistics London, 13 December 2013.
go back to reference Ray R, Ganguly D, Chowdhury C, Dey M, Das S, Dutta MK, Mandal SK, Majumder N, De TK, Mukhopadhyay SK, Jana TK (2011) Carbon sequestration and annual increase of carbon stock in a mangrove forest. Atmos Environ 45(28):5016–5024CrossRef Ray R, Ganguly D, Chowdhury C, Dey M, Das S, Dutta MK, Mandal SK, Majumder N, De TK, Mukhopadhyay SK, Jana TK (2011) Carbon sequestration and annual increase of carbon stock in a mangrove forest. Atmos Environ 45(28):5016–5024CrossRef
go back to reference Raybould M, Lazarow N, Anning D, Ware D, Blackwell B (2011). A travel cost model of local resident’s beach recreation values on the Gold Coast. Paper presented at the 20th NSW Coastal Conference, Coffs Harbour City Council, Coffs Harbour 8–11 November 2011 Raybould M, Lazarow N, Anning D, Ware D, Blackwell B (2011). A travel cost model of local resident’s beach recreation values on the Gold Coast. Paper presented at the 20th NSW Coastal Conference, Coffs Harbour City Council, Coffs Harbour 8–11 November 2011
go back to reference Rönnbäck P (1999) The ecological basis for economic value of seafood production supported by mangrove ecosystems. Ecol Econ 29:235–252CrossRef Rönnbäck P (1999) The ecological basis for economic value of seafood production supported by mangrove ecosystems. Ecol Econ 29:235–252CrossRef
go back to reference Rosenberger RS, Loomis JB (2003) Benefit transfer. In: Champ PA, Boyle KJ, Brown TC (eds) A primer on non-market valuation. Kluwer, Dordrecht, pp 445–482CrossRef Rosenberger RS, Loomis JB (2003) Benefit transfer. In: Champ PA, Boyle KJ, Brown TC (eds) A primer on non-market valuation. Kluwer, Dordrecht, pp 445–482CrossRef
go back to reference Schroter M, van der Zanden EH, van Oudenhoven APE, Remme RP, Serna-Chavez HM, de Groot RS, Opdam P (2014) Ecosystem services as a contested concept: a synthesis of critique and counter-arguments. Conserv Lett 7(6):514–523CrossRef Schroter M, van der Zanden EH, van Oudenhoven APE, Remme RP, Serna-Chavez HM, de Groot RS, Opdam P (2014) Ecosystem services as a contested concept: a synthesis of critique and counter-arguments. Conserv Lett 7(6):514–523CrossRef
go back to reference Smith M, de Groot D, Perrot-Maîte D, Bergkamp G (2006) Pay – establishing payments for watershed services. Gland, Switzerland: IUCN. Reprint, Gland, Switzerland: IUCN, 2008 Smith M, de Groot D, Perrot-Maîte D, Bergkamp G (2006) Pay – establishing payments for watershed services. Gland, Switzerland: IUCN. Reprint, Gland, Switzerland: IUCN, 2008
go back to reference Spash CL, Vatn A (2006) Transferring environmental value estimates: issues and alternatives. Ecol Econ 60(2):379–388CrossRef Spash CL, Vatn A (2006) Transferring environmental value estimates: issues and alternatives. Ecol Econ 60(2):379–388CrossRef
go back to reference UNEP (2006) Marine and coastal ecosystems and human wellbeing: a synthesis report based on the findings of the millennium ecosystem assessment. United Nations Environment Programme, p 76 UNEP (2006) Marine and coastal ecosystems and human wellbeing: a synthesis report based on the findings of the millennium ecosystem assessment. United Nations Environment Programme, p 76
go back to reference Wegner G, Pascual U (2011) Cost-benefit analysis in the context of ecosystem services for human well-being: a multidisciplinary critique. Glob Environ Chang 21:492–504CrossRef Wegner G, Pascual U (2011) Cost-benefit analysis in the context of ecosystem services for human well-being: a multidisciplinary critique. Glob Environ Chang 21:492–504CrossRef
go back to reference White A, Ross M, Flores M (2000) Collected essays on the economics of coral reefs. In: Cesar H (ed) Collected essays on the economics of coral reefs. CORDIO, Department for Biology and Environmental Sciences, Kalmar University, Sweden, pp 215–227 White A, Ross M, Flores M (2000) Collected essays on the economics of coral reefs. In: Cesar H (ed) Collected essays on the economics of coral reefs. CORDIO, Department for Biology and Environmental Sciences, Kalmar University, Sweden, pp 215–227
go back to reference www.keralatourism.org (2013) Kerala Tourist Statistics – 2013 www.keralatourism.org (2013) Kerala Tourist Statistics – 2013
go back to reference www.seagrasswatch.org (2013) India seagrass www.seagrasswatch.org (2013) India seagrass
go back to reference Zhao B, Kreuter U, Li B, Ma Z, Chen J, Nakagoshi N (2004) An ecosystem service value assessment of land-use change on Chongming Island, China. Land Use Policy 21:139–148CrossRef Zhao B, Kreuter U, Li B, Ma Z, Chen J, Nakagoshi N (2004) An ecosystem service value assessment of land-use change on Chongming Island, China. Land Use Policy 21:139–148CrossRef
Metadata
Title
Economic Valuation of Wetland Ecosystem Goods and Services
Authors
Naren Pasupalati
Megha Nath
Abhijit Sharan
Priya Narayanan
Ramachandra Bhatta
Ramesh Ramachandran
Purvaja Ramachandran
Copyright Year
2017
Publisher
Springer India
DOI
https://doi.org/10.1007/978-81-322-3715-0_14