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Prospects For Valuation In Marine Decision Making In Europe, Rob Tinch, Stephen Hynes, Claire Armstrong, Wenting Chen
Prospects For Valuation In Marine Decision Making In Europe, Rob Tinch, Stephen Hynes, Claire Armstrong, Wenting Chen
Journal of Ocean and Coastal Economics
There is now high-level recognition that the UN Sustainable Development Goals can only be achieved if the decline of ecosystems and biodiversity can be halted and reversed. This will require effective control of ongoing pressures, meaningful protection and enforcement of protected areas, and significant investments in ecosystem restoration. This paper explores the possible use of economic valuation and appraisal in achieving these goals in marine systems and discusses the European marine policy instruments where they should have an important role The paper first briefly reviews the tools of economic valuation and appraisal for marine ecosystem management. A critique of the …
The Costs Of Obtaining Environmental Outcomes Through Coastal Habitat Restoration, Shea Gould, Matthew G. Interis
The Costs Of Obtaining Environmental Outcomes Through Coastal Habitat Restoration, Shea Gould, Matthew G. Interis
Journal of Ocean and Coastal Economics
Studies examining the costs of coastal habitat restoration have focused on the cost per acre of restoration or on cost efficiency of various restoration methods. On the other hand, studies examining the benefits of restoration have focused on various ecosystem services that more directly affect welfare including amenity value, storm protection, nutrient retention and biodiversity. We examine a set of 133 Gulf of Mexico coastal habitat restoration projects to estimate the cost of obtaining average annual habitat units (AAHUs), a measure which captures the quantity and, importantly, quality of habitat restored, which is one of the more direct ecosystem service …