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The use of natural resources and the services they provide often do not have an explicit price and are therefore undervalued in decision-making, leading to environmental degradation. To 'monetize' the benefits from these services requires the use of non-market valuation techniques. Using a stated preference survey of recreational divers in Barbados… (More)
In this paper we provide an introduction to water quality benefit estimation for non-economists. Net water quality benefits are typically measured using the concept of consumer surplus, which can be estimated using a number of economic valuation methodologies. These can be divided into direct and indirect methods. Direct methods involve questioning survey… (More)
PROJECT PARTNERS This guidebook grew out of conversations with a broad partnership of organizations working on the protection and sustainable use of coastal and marine ecosystems in the Caribbean. Partners provided critical guidance in designing this guidebook, identifying high-priority coastal policy questions for the Caribbean, and identifying potential… (More)
2012 Storm water runoff Reef quality decline Wave height change Beach width change $ Value of impact Remedial or preventative Investment How does pollution affect the reef? How does reef structure affect the waves? How do waves affect the beach? How does beach width affect tourism revenues? How much to spend on fixing/preventing runoff? ACKNOWLEDGEMENTS… (More)
(both of CTO) were especially generous with their time and support for this project.
Economic benefits are derived from sea turtle tourism all over the world. Sea turtles also add value to underwater recreation and convey non-use values. This study examines the non-market value of sea turtles in Tobago. We use a choice experiment to estimate the value of sea turtle encounters to recreational SCUBA divers and the contingent valuation method… (More)