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Valuation of Marine and Coastal Ecosystem Services in India
- Source :
- Ecology, Economy and Society – The INSEE Journal, Vol 5, Iss 1 (2022)
- Publication Year :
- 2022
- Publisher :
- Nandan Nawn, 2022.
-
Abstract
- Coastal and marine ecosystems provide a host of services that are of vital importance to human well-being. We estimate the values of several provisioning, regulating, and recreational services using a combination of valuation methods. We find that the total value of these services in India was approximately ₹1.9 trillion (or US$0.11 trillion in purchase price parity [PPP] terms) in 2012–13, which constitutes about 2.4% of India’s net national product that year. Recreational services account for the largest share (45%), followed by regulating services (35%) and provisioning services (20%). These estimates do not include all the services provided by coastal and marine ecosystems; therefore, our estimates should be treated as a conservative underestimate of their total economic value. To the best of our knowledge, this is the first such attempt at the national level in India.
Details
- Language :
- English
- ISSN :
- 25816152 and 25816101
- Volume :
- 5
- Issue :
- 1
- Database :
- Directory of Open Access Journals
- Journal :
- Ecology, Economy and Society – The INSEE Journal
- Publication Type :
- Academic Journal
- Accession number :
- edsdoj.fc47a610091942a7a2453310a83fa71b
- Document Type :
- article
- Full Text :
- https://doi.org/10.37773/ees.v5i1.536