Economic valuation of goods and services from marine ecosystems of the Wider Caribbean Region
Subject: Economic valuation of goods and services from marine ecosystems of the Wider Caribbean Region
Date: Mon, 4 Jun 2012 04:25:56 +0000A review of the status of studies on economic valuation of goods and services from marine ecosystems of the Wider Caribbean has been prepared for the CLME Project by Dr Peter Schuhmann. It is based on over 200 studies. it can be viewed at http://cermes.cavehill.uwi.edu/publications/CLME_marine_resource_valuation_2012_1_30.pdf
Based on that report a four page Policy Perspective has been prepared by CERMES and can be seen at http://cermes.cavehill.uwi.edu/PolicyPerspectives/CERMES_Policy_Perspectives_2012_04_09.pdf
· Marine resource valuation efforts in the Caribbean have been piecemeal, uncoordinated and only loosely tied to policy objectives.
· Most valuation studies have focused on benefits associated with provisioning and cultural ecosystem services; relatively few address supportive and regulating services.
· Marine resource valuation in the Caribbean has focused on obvious and measurable benefits: coastal and reef ecosystems; marine protected areas, recreation and tourism.
· The economic value of Caribbean pelagic and continental shelf ecosystems is largely unmeasured.
· An agenda is urgently needed for prioritization and coordination of valuation efforts, and their incorporation into the policy process.
Professor of Marine Affairs and Director
Centre for Resource Management and Environmental Studies (CERMES)
University of the West Indies, Cave Hill Campus
St. Michael, Barbados
Tel 246-417-4570, Fax 246-424-4204
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